Monday 22nd December 2008 |
Text too small? |
Transpower is spending about $2 billion on the grid, to increase capacity and replace aging lines. The state-owned company has been battling power companies and other government agencies over the spending plans.
"The review for possible downgrade reflects the continued weakening in Transpower's financial profile due to substantial capital expenditure programme over the medium to long term to upgrade its existing network capacity," said Spencer Ng, a Moody's analyst, in a statement.
Last week, the Electricity Commission blocked Transpower's proposal to spend a further $480 million to upgrade lines through the city of Auckland.
No comments yet
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report