Annual Report 2009/10

This report describes Transpower's financial and operational performance for the financial year ending 30 June 2010.

The principal reasons for this rise are the increase in transmission revenue to $653.4 million (from $629.9 million), recognition of the remaining cross border lease income in advance and $20.2 million less in HVDC reserve charges (allocated to Transpower as the owner of the HVDC link). HVDC reserve charges totalled $7.3 million, down from $27.5 million in the previous year. These gains were offset by an increased impairment in respect of the North Island Grid Upgrade property purchased by Transpower.

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Annual Report 2009/10 [ pdf 4.23 MB ]