Powerco
Powerco is the second largest electricity and gas distribution business in New Zealand (NZ) with over 410,000 connections. Powerco's network area spreads over approximately 39,000 square kilometres across the upper central and lower central North Island of NZ. Powerco's businesses provide an essential energy transportation service to a broad, low volatility and stable customer base. This represents approximately 40% of the gas connections and approximately 16% of the electricity connections in NZ.
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Description
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Electricity and gas distribution
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Operating Platform
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Utilities
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Location
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North Island of New Zealand
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Acquired
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November 2004
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Investment
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42%
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Regulatory Environment
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Subject to economic regulation in NZ:
- Electricity operates under a price and quality threshold (CPI-X) regime set by the NZCC. . Reset due in April 2010
- Gas operates under price control. Reset due in 2012
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Customer Base
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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
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Electricity: Half economic life (25 years)
Gas: Less than half economic life (18 years)
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Capacity / Utilisation
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14.74 MWh per electricity connection and 88.8 GJ per gas connection (30.5 GJ per residential gas customer)
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Key Drivers
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Energy demand and consumption levels
New connections as a result of new housing developments in all areas
Regional economic and population growth
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For further information click on link to Powerco website: http://www.powerco.co.nz/