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Commission Begins Scrutiny Of Orion's Proposed $1.51 Billion Investment
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Scoop NZ - Business
Commission Begins Scrutiny Of Orion's Proposed $1.51 Billion InvestmentThe Commerce Commission has begun assessing Orion's customised price-quality path (CPP) proposal to spend more on Canterbury's electricity network.
“Our job is to rigorously test whether Orion's proposed expenditure is necessary, efficient, able to be delivered, and in the long-term interest of Canterbury consumers.”
"We know that every Canterbury household and business values a safe, reliable and resilient electricity network.
The review of Orion’s proposed expenditure is further supported by an independent expert’s (verifier’s) assessment, as required under the CPP process.
BackgroundThe Commerce Commission regulates New Zealand’s electricity lines businesses under Part 4 of the Commerce Act.