Half Yearly Report

The report describes Transpower’s financial and operational performance for the six months to 31 December 2010.

The primary focus of the Board and management is on engineering and operational performance, in order to strengthen and secure the national transmission system as a platform for economic growth.

The report describes Transpower’s financial and operational performance for the six months to 31 December 2009.

The primary focus of the Board and management is on engineering and operational performance, in order to strengthen and secure the national transmission system as a platform for economic growth.

Half year results for announcement to the market.

Transpower’s operating surplus after tax, prior to movements in the fair value of financial instruments and debt, was $87.6 million for the first six months of the financial year 2009/10.  This compares to $67.5 million for the same period to December 2008. 

The report describes Transpower's financial and operational performance for the six months to 31 December 2008.

The primary focus of the Board and management remains on ensuring New Zealand has a robust and reliable national transmission system.

Transpower has embarked on a significant investment programme - both new build and refurbishment and renewal of existing assets - following a long period of very low investment. This is critically important for New Zealand as a growing population increases the demand for electricity, and sustainable generation is increasingly being built remote from load centres. Further, a robust and reliable grid is essential to an open and competitive electricity market and to grow the economy.