Business.Scoop » Commission Prompts Vector To Reverse Moves That Would Have Cost Electricity Consumers Millions
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Source: scoop.co.nz
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Vector backs down on plan to sell and lease back assets
Vector has backed down on its plan to sell and lease back assets after the Commerce Commission found it would cost consumers millions of dollars over the coming decades.
Source: rnz.co.nz
ComCom zaps Vector sale and leaseback plan
A Commerce Commission investigation has led to a backdown by New Zealand’s largest electricity distribution business, Vector, on moves that would have cost
Source: newstalkzb.co.nz
iTWire - NZ Commerce Commission 'prompts Vector' to reverse moves that would have cost electricity consumers millions
An investigation by New Zealand competition regulator, The Commerce Commission, has led to a backdown by New Zealand’s largest electricity distributio...
Source: itwire.com
The smartest guys in the room
Vector has received a warning letter from the Commerce Commission for attempting to artificially boost the value of assets so that price increases for power could be imposed.
Source: thestandard.org.nz