The New Zealand Competition Authority proposes that a regulated monopolist can spend $523 million to fix its electricity lines network in Dunedin, Central Otago, and Queenstown Lakes (Aurora Energy)

Commission proposes Aurora can spend $523m to fix its network* The Commerce Commission has today released for consultation a package of measures in response to Aurora Energy’s plan to fix its electricity lines network in Dunedin, Central Otago and Queenstown Lakes. In June 2020, Aurora filed its application for a customised price-quality path (CPP) in which it forecast it would need $383 million over three years, or $609 million over five years, to replace failing infrastructure and run its network. Having assessed its plan, the Commission is proposing Aurora be allowed to recover a maximum spend of $523 million over five years – a reduction of $86 million (14%). The package of proposed decisions released today includes: sticking with the default five-year period, as it better

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New Zealand Competition Authority, The New Zealand Competition Authority proposes that a regulated monopolist can spend $523 million to fix its electricity lines network in Dunedin, Central Otago, and Queenstown Lakes (Aurora Energy), 12 November 2020, e-Competitions November 2020, Art. N° 98060

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