Monday, 21 May 2001 Media Statement

Hodgson gets 3rd progress report on Power Package

Energy Minister Pete Hodgson today released the third report he has received from the Electrcity Governance Establishment Committee, saying he is satisfied with the progress being made.

The committee, chaired by Hon David Caygill, is charged with implementing the changes to the governance and operating rules of the electricity industry required by the Government's Power Package reforms.

"The Establishment Committee has approved a governance design and work is now under way on developing a draft set of rules," Mr Hodgson said. "A consultation process to finalise the rules is expected to be complete by the end of July.

"This work involves a very significant effort for the electricity industry and consumer groups. I am pleased with the commitment and progress to date, which I expect will result in a fairer, more efficient and more sustainable electricity industry."

Attached: EGEC report, Minister's letter in reply
For more information: http://www.egb.co.nz

ENDS

Hon David Caygill
Chair
Establishment Committee
Electricity Governance Establishment Project
C/- PO Box 5422
WELLINGTON

Dear David
Thank you for your letter of 4 May 2001 regarding progress to the end of April in establishing self-regulatory governance arrangements to meet the Government’s expectations as set out in the Government Policy Statement.
I note the detail you have provided and am pleased with the overall progress being made towards establishing the new governance structure.
As with previous progress reports from the Establishment Committee, I plan to release your report and this response with a media statement.
I look forward to hearing about feedback on the consultation process and further information about rule development in your June report.
Yours sincerely
Hon Pete Hodgson
Minister of Energy

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