Vector Network News - 23 Sept 2012

Vector Network News

NETWORKS SUMMARY for week ending 23 September 2012
There’s been some confusion around electricity pricing recently and Vector would like to provide some clarity. Vector has an online calculator to help de-mystify electricity bills for customers. The calculator illustrates the split of a customer’s electricity bill into retailer charges, pass through costs and Vector's distribution charges.

Vector's prices are regulated by the Commerce Commission. The regulations limit our annual price increases to inflation plus changes in pass through costs. Try the calculator online here.

ELECTRICITY
There were six car v poles incidents during the week including one in Clover Park. Faults crews also attended ten building fires across Auckland in Mt Eden, Grey Lynn, Randwick Park, Papakura North, Halsey Street, Avondale, Mt Wellington, St Mary’s Bay, Clevedon and a fire at a Mr Chips building in East Tamaki. Lines were repaired in Te Atatu Peninsula, Riverhead and also in Avondale where a road crossing line was pulled down by an oversize truck. Chorus contractors also struck our network in Ponsonby and hit an 11kv cable.

GAS TRANSMISSION AND DISTRIBUTION
There was one third party strike on our network in Onehunga South when a small truck backed into a gas meter. In all cases crews made sites safe and repaired the equipment. Please take care around our gas network and call 0508 B4 U WORK (248 967) or 0800 B4 U DIG if outside Auckland.
FIBRE UPDATE
Vector Fibre had a partial outage earlier in the week. Alternative routes were established and customers were back online as soon possible.

PROJECTS UPDATE
The Otara Substation Switchboard retrofit and protection upgrade is progressing well.
Vector is also undertaking undergrounding work on Chinaman’s Hill, with works progressing to schedule with expected completion in mid October.

SHORTS
• Vector owns over 17,737 kilometres of overhead and underground lines in the greater Auckland area, and 12,572 kilometres of gas pipe lines, with almost half supplying gas to Auckland.
• R&V Soundcheck is coming to the Arena in October. Vector, proud sponsor of the Arena.
The company owns and manages a unique portfolio which consists of electricity distribution, gas transmission and distribution, electricity and gas metering installations and data management services, natural gas and LPG and fibre optic networks.

Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. For further information, visit www.vector.co.nz

ENDS

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