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25 Apr 2024 7:28
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      Home > News > Business

    Vector is taking a 3.5 million dollar fine for excessive power outages on the chin

    Vector is taking a 3.5 million dollar fine for excessive power outages on the chin


    The High Court in Auckland imposed the penalty after the Commerce Commission found the company breached its power outage limits in 2015 and 2016.

    Vector says the breaches weren't cynical or designed to get maximum profit.

    It says it knows power outages can cause inconvenience and is working on improving.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     24 Apr: New Zealand has achieved its first trading surplus since last May
     24 Apr: A new role awaits versatile Crusaders back David Havili ahead of his injury return in Friday's home clash against the Rebels in Christchurch
     24 Apr: Hallensteins Glassons has topped a list of fines - out of serious compliance breaches found in the New Zealand sharemarket
     24 Apr: After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules
     24 Apr: Job growth in the small business sector is a positive sign, despite uncertainty in the market
     24 Apr: Farmers see RMA reform as common sense returning to the farm gate
     23 Apr: Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result
     Top Stories

    RUGBY RUGBY
    Warriors boss Cameron George has attributed the NRL club's change in team culture to former Wallabies mentor Dave Rennie More...

    BUSINESS BUSINESS
    New Zealand has achieved its first trading surplus since last May More...


     Today's News

    		 Environment:
    Weather warnings are in place across the lower South Island 7:16

     Rugby League:
    Warriors boss Cameron George has attributed the NRL club's change in team culture to former Wallabies mentor Dave Rennie 7:07

     International:
    China is pushing couples to have more babies for the good of the country. Many young people are saying no 7:07

     Entertainment:
    Taylor Swift keeps her awards "on the fireplace, on top of the toilet" and even "in a cage" 7:03

     Entertainment:
    Tiffany Haddish has never had a "perfect year" 6:33

     Entertainment:
    Paris Hilton hopes her children will be "best friends" 6:03

     Politics:
    Children's Minister Karen Chhour won't need to front the Waitangi Tribunal 5:07

     International:
    The growing awareness of the impact and importance of Gurkha and Sikh troops during World War I 22:27

     Motoring:
    Dame Lisa Carrington's pinpointed what continues to drive her as she paddles towards a fourth Olympics 21:57

     Entertainment:
    Jon Bon Jovi hasn't "been a saint" in his marriage 21:33

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