Horizon Energy - Whakatane at Night
HORIZON ENERGY CONSIDERS COMMISSION'S PROPOSED ADJUSTMENTS TO PRICES FOR ELECTRICITY DISTRIBUTION SERVICES
Today the Commerce Commission issued a draft decision to reset regulatory controls for 16 electricity distribution businesses from 2012-2015. The proposed reset would implement new regulatory rules and processes – called input methodologies – set by the Commission in December 2010 and result in price adjustments.
Horizon Energy will review the draft decision and all supporting documentation to determine the likely impact on the Company. Horizon Energy will advise the market of the Company’s response once we have fully considered the proposed determination.
The Commission is accepting submissions on the proposed determination up until Wednesday 24 of August, with a further cross submission period until Monday 5 September 2011.
Refer to attached document.
