Unison Releases 2012 Asset Management Plan, Pricing Policy

Unison Releases 2012 Asset Management Plan and Pricing Policy

11 April 2012 – Unison has published its latest Pricing Policy and Asset Management Plan (AMP) this month.

The AMP is one of the major annual disclosures that all electricity distribution businesses (EDB’s) are required to make under the Electricity Distribution (Information Disclosure) Requirements 2008.

The process of compiling an AMP is designed to encourage EDBs to improve the efficiency and effectiveness of their operations by adopting best practice asset management techniques.

“From a shareholder perspective, Unison’s AMP provides a window into the business to develop understanding of key drivers and objectives, network planning techniques and asset maintenance practices. We believe this improved understanding will lead to enhanced dialogue between Unison and its stakeholders, allowing Unison to better perform in its role as an EDB,” said Unison Group Chief Executive, Ken Sutherland.

The AMPs must include service and performance targets, and plans for achieving them; justification of investments; and risk mitigation strategies.

The plan covers the period from 1 April 2012 to 31 March 2022, and can be viewed and downloaded from Unison’s website at www.unison.co.nz.

Unison’s 2011 AMP was awarded a high level of compliance by the Commerce Commission following a review against key areas in October 2011.

“Unison’s high level of compliance is indicative of the measures we take as a company to ensure the network’s capability to manage future customer demands,” said Mr Sutherland.
Also available for viewing is Unison’s 2012 pricing policy, methodology and tariffs which came into effect on 1 April following consultation earlier in the year. The annual review of pricing is required by the Electricity Authority and the Commerce Commission.

ENDS

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