Channel Infrastructure will convert former crude oil tanks for diesel use in two months.
The country faces an energy crunch over the next five years until new generation comes on stream.
Debt owed by the wine business has been transferred to the electricity distributor after a covenant breach.
Vector a likely target for intervention as regulator highlights cost of inefficient charges on business and housing development.
It is going to wait and see what proposals it gets from the market.
Chief executive Mike Roan tells annual meeting the company has an opportunity to be bold.
Brookfield to buy gas pipelines, Powerco to buy Eastland electricity lines.
Shares rise for the big four gentailers but business groups see a missed opportunity.
The core problem in the market was caused by the Government, said Frontier Economics, and was best solved by focusing state investment on securing and selling thermal energy.
In response to the Frontier report on the electricity market, the Government says it is committed to equity investment in Meridian, Mercury and Genesis, if required, to build more generation.