The second element of our strategy is to empower customers with energy solutions to better manage and use their energy. As this half-year result demonstrates, Vector is continuing to lead the way in advanced metering technology across New Zealand and Australia. We have continued to provide new energy solutions to a range of residential and business customers through our Vector PowerSmart business. Our gas business continues to provide customers with energy choice, and our Vector Fibre business remains a critical strategic asset for our energy networks while remaining well positioned to continue capitalising on emerging opportunities in the telecommunications industry. The power of Vector’s strategy lies in combining our many strengths, so we can overcome challenges and take advantage of the best opportunities to empower our customers. To this end, the Group’s strategic portfolio of assets has been carefully constructed over time to reflect this positioning. As well as delivering for our customers, this strategy and approach continues to provide our shareholders with more options for sustainable returns. In this half-year report, we are pleased to report solid progress towards our vision of creating a new energy future. More broadly, we can now share more detail on how landmark decisions, particularly our confirmed regulatory settings and the sale of the Kapuni Gas Treatment Plant to Todd Energy, have helped further refine our outlook, structure and direction. Remaining constant throughout is the strong commitment from the Board, senior management and wider Vector team to continue at pace towards our vision of creating a new energy future. Through ongoing investment in our networks and energy solutions, strengthening our partnerships with some of the world’s best energy innovators and problem solvers, and by providing greater choice and control to our customers, we are enabling the accelerating change around us.
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