Unison Releases 2013 Asset Management Plan and Pricing

Unison Releases 2013 Asset Management Plan and Pricing Policy

Friday 12 April 2013 – Unison has published its latest Pricing Policy and Asset Management Plan (AMP) this month.

The AMP is one of the major annual disclosures that all electricity distribution businesses (EDB’s) are required to make under the Electricity Distribution (Information Disclosure) Requirements 2008.

The process of compiling an AMP is designed to encourage EDBs to improve the efficiency and effectiveness of their operations by adopting best practice asset management techniques.

“From a shareholder perspective, Unison’s AMP provides a window into the business to develop understanding of key drivers and objectives, network planning techniques and asset maintenance practices. We believe this improved understanding will lead to enhanced dialogue between Unison and its stakeholders, allowing Unison to better perform in its role as an EDB,” said Unison Group Chief Executive, Ken Sutherland.

The AMPs must include service and performance targets, and plans for achieving them; justification of investments; and risk mitigation strategies.

The plan covers the period from 1 April 2013 to 31 March 2023, and can be viewed and downloaded from Unison’s website at www.unison.co.nz.

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