Vector Network News – 1 December 2014

Press Release – Vector

On Friday, the Commerce Commission released its decision on the default price path for 16 electricity lines businesses. As a result of their analysis, the Commerce Commission have given a clear view of the average residential electricity bill split. Read more »

Another endorsement for landfarm activities

Press Release – Taranaki Regional Council

A new study shows that soil ecology and health are not threatened by land-based bioremediation of drilling wastes under the consent conditions imposed by the Taranaki Regional Council. Read more »

Climate report reinforces need for Government action

Press Release – Green Party

The Parliamentary Commissioner for the Environments latest report released today reinforces the need for the Government to take climate change seriously, the Green Party said. Read more »

Changing climate and rising seas: Understanding the science

Press Release – Parliamentary Commissioner For The Environment

During my seven years as Commissioner, I have consistently said that climate change is the biggest environmental issue we face. This investigation has provided an opportunity to develop a deeper understanding of what is causing climate change and one of its … Read more »

NZOG’s head of exploration Bill Houston resigns

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Bill Houston, New Zealand Oil & Gas’ general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. Read more »

Residents’ Views Sought on Oil and Gas Exploration

Press Release – Dunedin City Council

Dunedin (Monday, 17 November 2014) Do you have a view on exploration for oil and gas off the Otago coast? Read more »

National Government Expands Oil and Gas Drilling

Press Release – Oil Free Wellington

The National Government is flying in the face of climate science and public opposition as it opens over 100,000 sq km to oil and gas exploration. The Government’s proposed Block Offer 2015 is a huge step in the wrong direction. Last week the IPCC’s Fifth … Read more »

Vector Network News – EV’s on show

Press Release – Vector Limited

Vectors electric vehicles and charging units were on show at the EV (electric vehicle) Expo held at MOTAT on Saturday. Read more »

NZ Oil & Gas to return $60M to shareholders via reduction

Article – BusinessDesk

Nov. 4 (BusinessDesk) – New Zealand Oil & Gas, the listed energy explorer, will return about $60 million to shareholders, saying cash on hand will be more than it needs to grow its business as production ramps up at the Tui field. Read more »

Margin that it applies to regulated cost of capital reduced

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) used for regulated businesses. The WACC uplift (or margin) for price-quality regulation has been set at the 67thpercentile, down from the 75th percentile. … Read more »

ComCom confirms lower rates of return for network monopolies

Article – BusinessDesk

Oct. 30 (BusinessDesk) – The Commerce Commission has confirmed it is reducing the allowable rate of return on capital for regulated electricity and gas network monopolies in a move that Auckland network owner Vector says will place “further pressure … Read more »

Company changes increase prices for Contact gas customers

Press Release – Contact Energy

The price Contact Energys piped natural gas customers pay from 1 December 2014 will increase to reflect changing distribution and transmission costs that are outside of Contacts control. Average bill increases for Contact customers are between … Read more »

Protest at New Plymouth Oil and Gas Expo

Press Release – Climate Justice Taranaki

About 30 protesters from Climate Justice Taranaki, Frack-free Kapiti, Te Uru Pounamu Action Group, Oil Free Wellington, Frack-free Manawatu and the east coast protested yesterday outside New Plymouth’s biennial Oil and Gas Expo at the TSB Stadium. Read more »

New Zealand Petroleum Exploration and Mining Permits Map

Press Release – Freeman Media

The next edition of the New Zealand Petroleum Exploration and Mining Permits map is available now. This edition features numerous permit work programme changes including to timelines for drilling work and seismic acquisition, several permit surrenders … Read more »

Shell and Todd caught drilling without approval

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document … Read more »

Hellaby expects to complete at least one acquisition in 2015

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. Read more »

Pulse Energy seeks up to $6 mln in convertible notes offer

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Pulse Energy, the electricity retailer controlled by lines company Buller Electricity, is seeking up to $6 million through a convertible notes offer to sophisticated investors to ensure it has a big enough cash buffer as it … Read more »

Transfield Worley wins $20 mln annual contract from Genesis

Article – BusinessDesk

Oct. 15 (BusinessDesk) – Transfield Worley Power Services won a $20 million annual maintenance contract with Genesis Energy, New Zealand’s largest power retailer, which is trying to cut costs by 10 percent. Read more »

Vector Network News

Press Release – Vector Limited

On Monday and into early Tuesday morning, Vectors crews worked 24/7 to repair and reinstate the fire damaged cables at Transpowers Penrose substation, thereby restoring power to the 20,000 customers affected. Read more »

Supreme Court ends Greymouth Petroleum stoush

Article – BusinessDesk

Oct. 9 (BusinessDesk) – The Supreme Court has effectively ended a bid by interests associated with estranged Greymouth Petroleum minority shareholder John Sturgess to overturn a High Court order requiring the Sturgess interests to sell their 13.85 … Read more »

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