James Kilty: Transpower CEO proposes on $1.4 billion upgrade to Cook Strait electricity cables

Heather du Plessis-Allan Drive

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

5d ago 3:28

MP3•Episode home

Transpower says upgrading the Cook Strait electricity cable would come at a very small cost to consumers.

It's consulting on a $1.4 billion proposal - to upgrade existing cables and allow for building a fourth.

CEO James Kilty says the plan is to get another 40 years of stable electricity.

He says because costs will be paid for over that 40 years, prices won't surge.

"It'll be a few dollars a year - but by the time it's spread across every connection in the country, it's spread over 40 years. It'll be a reasonably small amount."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

9431 episodes

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News