1 00:00:00,200 --> 00:00:02,920 Speaker 1: Transpower wanting to upgrade the cook straight power cable current 2 00:00:02,960 --> 00:00:05,720 Speaker 1: one's done to a degree sometime next decade. The cost 3 00:00:05,760 --> 00:00:07,520 Speaker 1: is about one point four billion. Well that's what they 4 00:00:07,560 --> 00:00:10,160 Speaker 1: say today. John Carney, of course, is the boss of 5 00:00:10,240 --> 00:00:12,680 Speaker 1: Energy Resources. Aren't here, Rare back with us on the program, John, 6 00:00:12,760 --> 00:00:13,600 Speaker 1: very good morning to you. 7 00:00:14,160 --> 00:00:14,760 Speaker 2: Good morning mine. 8 00:00:14,840 --> 00:00:17,239 Speaker 1: So they put some consultation out. Is there anything actually 9 00:00:17,360 --> 00:00:19,880 Speaker 1: to consult on if something needs replacing? It needs replacing, 10 00:00:19,880 --> 00:00:20,280 Speaker 1: doesn't it. 11 00:00:21,280 --> 00:00:28,840 Speaker 2: Well yeah, I mean it's a good proposal. Obviously the 12 00:00:28,840 --> 00:00:31,840 Speaker 2: Commerce Commission will need to scrutinize it to ensure that 13 00:00:32,640 --> 00:00:37,640 Speaker 2: the numbers are robust and the program executable. So we'll 14 00:00:37,640 --> 00:00:38,440 Speaker 2: see where that gets to. 15 00:00:38,840 --> 00:00:42,000 Speaker 1: Does it. Is there industry wide agreement that we're up 16 00:00:42,080 --> 00:00:44,280 Speaker 1: I mean, this thing started in sixty five, was replaced 17 00:00:44,280 --> 00:00:46,200 Speaker 1: in nineteen ninety one. It looks old. 18 00:00:47,479 --> 00:00:49,440 Speaker 2: Yeah. Yeah, Look, it's at the end of it's nearing. 19 00:00:49,440 --> 00:00:51,879 Speaker 2: It's the end of its operational life. And this is 20 00:00:51,920 --> 00:00:55,720 Speaker 2: Transfer doing what it does best, which is a bit 21 00:00:55,720 --> 00:01:00,160 Speaker 2: of four planning and advising the market. This thing's coming 22 00:01:00,200 --> 00:01:04,200 Speaker 2: at us and more. Need scrutiny by everybody, so by users, 23 00:01:04,240 --> 00:01:08,880 Speaker 2: by the generators, by en consumers, and we'll see where 24 00:01:08,880 --> 00:01:09,280 Speaker 2: it get it. 25 00:01:09,640 --> 00:01:11,320 Speaker 1: This is part of and this is the most interesting 26 00:01:11,319 --> 00:01:13,120 Speaker 1: thing for me is I can't remember who it was, 27 00:01:13,120 --> 00:01:17,319 Speaker 1: but they got permission transpower to get more money off 28 00:01:17,400 --> 00:01:19,759 Speaker 1: us by way of power bills to do this sort 29 00:01:19,800 --> 00:01:23,160 Speaker 1: of thing. How I don't know what the word is. 30 00:01:23,400 --> 00:01:26,400 Speaker 1: Risky is what they do when it comes to charging 31 00:01:26,440 --> 00:01:28,480 Speaker 1: us more for power to do what they would argue 32 00:01:28,560 --> 00:01:30,120 Speaker 1: is super important for infrastructure. 33 00:01:31,080 --> 00:01:35,000 Speaker 2: Oh well, look, that's the role of the Commerce Commission 34 00:01:35,120 --> 00:01:39,360 Speaker 2: primarily to regulate transpowers, transactions and spending because of course 35 00:01:39,440 --> 00:01:43,480 Speaker 2: Transparer is a monopoly that doesn't face competition, so you know, 36 00:01:43,520 --> 00:01:48,680 Speaker 2: the Commerce Commission will closely analyze this proposal for approval 37 00:01:48,720 --> 00:01:51,240 Speaker 2: and look, given that the replacement seems like the sensible 38 00:01:51,280 --> 00:01:55,360 Speaker 2: thing to do, will actually focus on whether the overall 39 00:01:55,360 --> 00:01:58,240 Speaker 2: benefits actually justify the proposing to go from three to 40 00:01:58,320 --> 00:02:01,280 Speaker 2: four cables, and that's where the focus will be. 41 00:02:01,440 --> 00:02:03,280 Speaker 1: Good stuff. John, Always enjoy having you on the program, 42 00:02:03,400 --> 00:02:06,920 Speaker 1: John Carnegie, Energy Resources rtrare box. For more from the 43 00:02:06,960 --> 00:02:10,000 Speaker 1: Mic Asking Breakfast, listen live to news Talks at b 44 00:02:10,160 --> 00:02:13,880 Speaker 1: from six am weekdays, or follow the podcast on iHeartRadio.