VCT
29/07/2014 12:49
GENERAL
REL: 1249 HRS Vector Limited
GENERAL: VCT: High Court rejects MEUG's cost of capital appeal
Vector wishes to advise that the High Court has rejected the Major
Electricity Users' Group's application for leave to appeal the merits review
decision by the High Court in relation to the Commerce Commission's cost of
capital input methodologies for electricity distribution businesses and
Transpower. In particular, the Major Electricity Users' Group were appealing
against the Court's ruling that the cost of capital should be determined by
reference to the Commission's 75th percentile estimate of the WACC range,
rather than the 50th percentile.
Vector is continuing to submit to the Commerce Commission's separate review
of the appropriate WACC percentile in response to the Commission's draft
decision on 22 July 2014, with the next submission being due on 29 August
2014.
End CA:00253220 For:VCT Type:GENERAL Time:2014-07-29 12:49:30
