Exemptions sought from electricity industry rules

The Commerce Commission is considering two requests for exemptions from Electricity Industry Reform Act requirements that directors of electricity retailers not serve on the boards of electricity network companies.

Joan Withers, a director of Auckland International Airport’s electricity network subsidiary, is seeking appointment to the board of state-owned generator-retailer Mighty River Power, while Mark Tume, a director of Infratil Ltd., is seeking appointment to the board of the New Plymouth-based network company, Powerco. Infratil owns 50.5% of TrustPower, a listed generator-retailer based in Tauranga. 

The rules are intended to prevent conflicts of interest arising by direcors having interests on both sides of the business - the competitive retail sector and the regulated monoploy network sector.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025
PCT - Precinct Investment Partnership to acquire ASB North Wharf
SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report