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Hot Topic Scrutiny Week
Hot Topic Scrutiny Week
Politics
2 mins to read

Transpower doesn’t need equity capital, says chair

Select committee hears grid operator can fund investment from its own cashflow by cutting dividends and increasing debt.

Transpower reported total assets of $6.27 billion as of June this year.

Tim Hunter Wed, 04 Dec 2024

State-owned grid operator Transpower says it can fund its investment needs without further equity capital from the Crown despite debt levels approaching its target maximum in the next few years.

Chair Keith Turner also told Parliament’s Transport & Infrastructure Committee yesterday there were

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Tim Hunter Wed, 04 Dec 2024
Contact the Writer: thunter@nbr.co.nz
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Transpower doesn’t need equity capital, says chair
Politics,
107027
true