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New vehicle For Wānaka St John. thewanakasun.co.nz
THUR 19.11.20 - WED 25.11.20
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PHOTO: Nikki McKay
Coastguard Wānaka Lakes president Jonathan Walmisley scours the lake on a training exercise. CWL has been given the go-ahead to build the district's first dedicated Marine Rescue Centre. Read about it on page 3.
NZCC releases draft decision on Aurora Pat Deavoll
editor@thewanakasun.co.nz
ast Thursday the New Zealand Commerce Commission (NZCC) released its draft decision on Aurora’s proposed energy pricing increases for the Otago region, and Queenstown Lakes District Mayor Jim Boult said he was “cautiously optimistic.”
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“I feel NZCC could be making the best of a bad situation on behalf of our communities,” he said. In June 2020, Aurora Energy (Aurora) applied to the NZCC to spend $383 million over the next three years (or $609 million over five years) to address safety and reliability issues on its network. Aurora’s application was significant and was approximately double the allowances the NZCC
had set Aurora for the previous comparable periods. To pay for this, Aurora had forecast significant increases to power bills. “NZCC’s role in Aurora’s investment plan was to set network reliability standards and determine how much money it should be allowed to recover from its customers to carry out its plan and over what period,” the draft plan said. NZCC is now proposing to allow Aurora to
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recover $86m less from its customers than it had asked for in five years. This reduction was because it considered some of its expenditures could be deferred to a later date and some were not justified to the level Aurora had sought. Even so, Aurora would be able to significantly increase its expenditure and recover the cost from its customers. Continued on page 3