Electricity
Industry Reform Act: Commission grants exemption to The
Lines Company
The Commerce Commission has granted The
Lines Company Limited (TLC) a limited exemption under the
Electricity Industry Reform Act 1998 (the EIR Act) in
relation to its proposed involvement in the development of a
hydro-generation plant, located on the Waikohu Stream near
Gisborne.
The hydro-generation plant will be developed by
TLC’s wholly owned subsidiary Matawai Hydro Limited (MHL).
The limited exemption to TLC is granted in respect of
section 17 of the EIR Act in relation to the appointment of
managers to the board of MHL. The exemption is conditional
on TLC not appointing more than two out of three directors
to the Board of MHL, and on TLC and MHL complying with rules
1 to 6 and 11 to 15 of the Arms Length Rules of the EIR
Act.
The exemption is also conditional on the generation
assets not being connected to TLC’s electricity lines
networks, and on TLC not selling the resulting electricity
to customers located on its own network.
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