TPW
03/07/2015 09:05
GENERAL
PRICE SENSITIVE
REL: 0905 HRS Trustpower Limited
GENERAL: TPW: National Metering Arrangement with Mighty River Power Ends
3 July 2015
NZX Announcement
National Metering Arrangement with Mighty River Power Ends
Trustpower confirms that Mighty River Power's metering business Metrix has
advised they intend not to deliver the services (which were due to commence
in early 2016) contemplated by the national metering services contract it
entered into with Trustpower in July 2014.
Trustpower understands that Mighty River Power has determined that Metrix is
unable to meet its contractual expectations within the agreed timeframe.
Trustpower General Manager Business Solutions & Technology, Simon Clarke said
that while Trustpower is extremely disappointed, it was better that Metrix
advised Trustpower of its position now and well before the services had
commenced.
Trustpower has made significant progress with system development and this is
now an opportunity to reconsider its approach to smart meter deployment and
metering services.
Simon Clarke
GM Business Solutions and Technology
Phone: 021 224 5846
End CA:00266582 For:TPW Type:GENERAL Time:2015-07-03 09:05:06
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