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… generation capacity In our view, the problems relating to undergrounding costs and stakeholder engagement in … to bear the incremental costs of any locally- required undergrounding directly through bilateral investment …

… 4.0 5.3 Customer investment contracts 23.0 30.6 Undergrounding and transmission realignment 52.7 4.3 Other … recognises this revenue over the life of the asset. Undergrounding and transmission realignment contracts are … asset Transmission revenue Customer investment contracts Undergrounding and transmission realignment – Government …

… 4.0 5.3 Customer investment contracts 23.0 30.6 Undergrounding and transmission realignment 52.7 4.3 Other … recognises this revenue over the life of the asset. Undergrounding and transmission realignment contracts are … asset Transmission revenue Customer investment contracts Undergrounding and transmission realignment – Government …

… 4.0 5.3 Customer investment contracts 23.0 30.6 Undergrounding and transmission realignment 52.7 4.3 Other … recognises this revenue over the life of the asset. Undergrounding and transmission realignment contracts are … asset Transmission revenue Customer investment contracts Undergrounding and transmission realignment – Government …

… 4.0 5.3 Customer investment contracts 23.0 30.6 Undergrounding and transmission realignment 52.7 4.3 Other … recognises this revenue over the life of the asset. Undergrounding and transmission realignment contracts are … asset Transmission revenue Customer investment contracts Undergrounding and transmission realignment – Government …

… 4.0 5.3 Customer investment contracts 23.0 30.6 Undergrounding and transmission realignment 52.7 4.3 Other … recognises this revenue over the life of the asset. Undergrounding and transmission realignment contracts are … asset Transmission revenue Customer investment contracts Undergrounding and transmission realignment – Government …

… any bearing on the Commission’s processes. The ‘Auckland undergrounding’ case study does not affect this conclusion, … unhelpful opposition to investments. 60 Box 4.2: Auckland undergrounding The Authority has noted that there is currently some demand in Auckland to require the undergrounding of transmission lines. Overhead wires are far …