Executive Summary
2. I am concerned that the current regulatory regime, administered by the Electricity Commission, is not flexible enough to facilitate the accelerated grid upgrade work that Transpower is proposing to undertake. I have therefore amended the GPS to require a streamlined process be put in place for grid upgrade plans of less than $20 million.
3. I have also removed references to the New Zealand Energy Strategy, and related matters that are no longer relevant, and brought forward, the section on security of supply, to emphasise the priority that this Government gives it.
4. I have consulted on the proposed amendments to the GPS, as agreed by the Cabinet Business Committee on 29 February 2009 [CBC Min (09) 4/5 refers].
5. A marked up copy of the GPS, showing proposed changes since the consultation version, is attached at Appendix 1.
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