Transpower doesn’t need equity capital, says chair
Select committee hears grid operator can fund investment from its own cashflow by cutting dividends and increasing debt.
Transpower reported total assets of $6.27 billion as of June this year.
State-owned grid operator Transpower says it can fund its investment needs without further equity capital from the Crown despite debt levels approaching its target maximum in the next few years.
Chair Keith Turner also told Parliament’s Transport & Infrastructure Committee yesterday there were
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