Powerco
Powerco is New Zealand's second largest electricity and gas distribution business with over 410,000 connections across a service area of over 39,000 square kilometers in New Zealand. It also has a gas network and retail business in Tasmania, Australia.
Powerco’s businesses provide an essential energy transportation service to a broad and stable customer base.
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Description |
Electricity and gas distribution |
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Asset Class |
Energy Transmission & Distribution |
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Location |
North Island of New Zealand and Tasmania, Australia |
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Acquired |
November 2004 |
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BBI % ownership |
100% |
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Regulatory Environment |
Subject to economic regulation in NZ:
- NZ electricity operates under a price and quality threshold
(CPI-X) regime. Reset is due in 2009 with a draft decision due in October 2008
- NZ gas operates under provisional price control Final decision expected in June 2008
No economic regulation in Tasmania |
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Customer Base |
Broad, low volatility customer base, diversified both regionally and by customer class. Electricity and gas customers are largely residential, generally contracted via retail energy companies. |
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Asset Age & Condition |
NZ Electricity: Half economic life (25 years)
NZ Gas: Less than half economic life (18 years) Tasmanian Gas Asset: Just constructed (50+ years) Assets in good condition commensurate with age |
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Capacity / Utilisation |
14.5 MWh per electricity connection and 89 GJ per gas connection (23 GJ per residential gas customer) |
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Key Drivers |
Energy demand and consumption levels.
New connections as a result of new housing developments in all areas.
Regional economic and population growth. | |
See the ASX Announcements, Presentations and Related Sites section of this website for more information on this asset.