Electricity Asset Management Plan 2019-2029
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Vector Limited://
PURPOSE OF THE AMP The 2019-2029 Asset Management Plan updates our 2018 plan for the period 1 April 2019 to 31 March 2029. We note that at time of publishing our 2018-28 AMP, we clearly identified that it would not be the appropriate plan to inform the default price-quality path (DPP) reset in 2020. As noted in the 2018 AMP, we have expanded the scenario modelling that underpins our asset management and investment plans, and the load and expenditure forecast in this AMP is more robust because of that modelling. For that reason, we confirm that this 2019 AMP is better suited to providing the load and expenditure forecasts required by the Commerce Commission to use for the setting of Vector’s price path from 1 April 2020. • Section 2 Customers, Stakeholders and Service Levels • Section 3 Asset Management System • Section 4 Our Assets • Section 5 Managing our Assets Lifecycle • Section 6 Delivering our Plan As a requirement of the Deed Recording Essential Operating Requirements (DREOR) held with Entrust, we are required to provide a report from an independent expert to advise on the state of the network. 2 In addition, there have also been other external reviews of the network and its asset management practices relating to specific events, such as the April 2018 storm and the Commerce Commission investigation into quality breaches. All findings and recommendations from such reviews are carefully considered and adopted into the asset management policies and practices where it is deemed appropriate. The expenditure associated with these programmes and projects has been included in this AMP. This AMP document has the following structure beyond this Executive Summary:
“THE PACE OF CHANGE HAS NEVER BEEN THIS FAST, YET IT WILL NEVER BE THIS SLOW AGAIN.” JUSTIN TRUDEAU
Vector engaged the services of WSP to review the robustness and compliance of this document.
This AMP was certified by Directors on 21 March 2019.
2. https://www.entrustnz.co.nz/resource-library/network-security-reports/
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