Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Disclosure and Asset Valuation Choice Conference

Media Release

Issued 15 March 2004-05 / 101

Electricity Lines Businesses: Information Disclosure and Asset Valuation Choice Conference

The Commerce Commission will hold a three-day conference starting this week in relation to the review of the information disclosure regime and draft decisions on implementing valuation choice for system fixed assets of electricity lines businesses. The review and draft decisions are part of the Commission’s work on the regulation of lines businesses under Part 4A of the Commerce Act.

The Commission issued two relevant consultation documents on 24 December 2004, and invited interested parties to make written submissions on those documents. The two documents are entitled: Review of the Information Disclosure Regime, Discussion Paper; and Implementing Valuation Choice for System Fixed Assets, Draft Decisions and Discussion Paper.

The conference provides an opportunity for interested parties to present their submissions orally and for the Commission to ask questions based on those submissions.

The conference will be held on Thursday 17 March, Friday 18 March, and Monday 21 March 2005 in the Commission’s ground floor conference room located in the NGC Building, 44-52 The Terrace, Wellington. A copy of the conference programme is attached.

The Commission received a number of submissions from interested parties. All submissions and the relevant consultation documents issued by the Commission can be found by accessing the Commission’s website


Part 4A of the Commerce Act 1986 establishes a regulatory regime for large electricity lines businesses. Under subpart 3 of Part 4A, the Commerce Commission must develop an information disclosure regime requiring lines businesses (large line owners and large electricity distributors) to disclose information concerning their business.

The purpose of subpart 3 of Part 4A is to promote the efficient operation of markets directly related to electricity distribution and transmission services by ensuring that large line owners and large electricity distributors make publicly available reliable and timely information about the operation and behaviour of those businesses, so that a wide range of people are informed about such factors as profits, costs, asset values, price (including terms and conditions of supply), quality, security, and reliability of supply of those businesses.

In March 2004, the Commission issued the Electricity Information Disclosure Requirements 2004 (the Disclosure Requirements) pursuant to subpart 3 of Part 4A. The Disclosure Requirements largely replicate the now-revoked Electricity (Information Disclosure) Regulations 1999 (the Disclosure Regulations), administered by the Ministry of Economic Development pursuant to the Electricity Act 1992. Such an approach was taken by the Commission because the scope of information disclosure provided for under subpart 3 is similar to that under the Disclosure Regulations. However, in light of the different statutory purpose under subpart 3 for the information disclosure regime, the Commission considers it appropriate to undertake a full consultative review of the Disclosure Requirements, beginning from first principles.

Information Disclosure and Asset Valuation Choice Conference Programme

Thursday 17 March 2005
9.00am – 9.15am Opening remarks by the Chair
9.15am – 10.30am Transpower NZ
Break: 10.30am – 10.45am
10.45am – 12.30pm Unison Networks
Break: 12.30pm – 2.15pm
2.15pm – 3.15pm Genesis Energy
Break: 3.15pm – 3.30pm
3.30pm – 4.30pm WEL Networks
4.30pm – 5.30pm Electricity Networks Association

Friday 18 March 2005
9.00am – 10.00am Marlborough Lines
Break: 10.00am – 10.15am
10.15am – 12.00pm PricewaterhouseCoopers on behalf of 21 Lines Businesses
Break: 12.00pm – 1.00pm
1.00pm – 3.00pm Vector Networks
Break: 3.00pm – 3.15pm
3.15pm – 4.00pm Vector Networks
4.00pm – 5.00pm Jardine Lloyd Thompson

Monday 21 March 2005
10.00am – 11.00am Orion NZ
Break: 11.00am – 11.15am
11.15am – 12.30pm Orion NZ
Break: 12.30pm – 1.30pm
1.30pm – 2.00pm The Lines Company
2.00pm – 3.15pm Powerco
Break: 3.15pm – 3.30pm
3.30pm – 5.00pm Powerco
5.00pm – 5.15pm Closing Remarks by the Chair


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>