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

 


Network Summary to 23/3/14: Quieter Week Post Cyclone Lusi


NETWORK SUMMARY for week ending 23 March 2014

ELECTRICITY

Six car vs. pole/transformer incidents were reported during the week. An incident in Mt Wellington required Telecom contractors to complete necessary repairs before our contractors were able to restore power.

A handbag was thrown onto power lines in Glen Innes. Contractors safely removed the item, and no customers were affected – apart from the handbag owner. In another incident on the North Shore, an over height truck drove through power lines, bringing them down.

Feeder faults were reported on Waiheke Island, in Henderson and in Mairangi Bay. Vector’s network control room provided regular updates as contractors worked to fix the faults.

Reports of lines down were received for Rothesay Bay, Birkenhead, Mangere, Remuera, Warkworth, Te Hana, Titirangi and Mangere. Our contractors worked in with emergency services to make the necessary repairs.

A meter board was reported to be on fire in Sandringham. Our contractors advised of power being isolated for safety.

GAS

Third party contractors struck gas pipes as they undertook work in Bethlehem, Paraparaumu, Parnell and Mangere.

PROJECTS

A major project has begun in Takanini. An old oil-filled 33 kV cable (the other is not oil filled) supplying Maraetai and Waiheke Island is being replaced. There are two sections of work - one section of cable will be replaced with overhead lines and the other section will be replaced with underground cable. Work on the overhead section along Airfield Rd includes the replacement of 48 existing power poles with taller poles that are suitable for carrying 33 kV lines. The underground section of the project involves the installation of more than two kilometres of underground cable. This section has to remain underground as it is adjacent to the Ardmore Aerodrome. Directional drilling and trenching along Airfield, Alfriston-Ardmore, and Clevedon-Takanini Roads has begun, with the project scheduled for completion in June 2014.

SHORTS

• Vector owns over 17,800 kilometres of overhead and underground lines in the greater Auckland area, and 12,752 of gas pipe lines, almost half of which supply gas to Auckland.

• Vector, proud sponsor of the Arena.

Vector 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

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news