Vector (NZE:VCT) said that it published its gas asset management plan to comply with the Commerce Commission's Information Disclosure Determination, covering 10 years from July 1 of this year to June 30, 2035, according to a Friday New Zealand bourse filing.
The update sets out the firm's view of the investments it believes will deliver the best outcomes and also represents a prudent investment strategy, the company said.
The company noted gas network risk rising as volumes fall faster and net connections drop from fiscal 2026, halting new links by fiscal 2029.
To reduce asset-stranding risk, the company said it is shifting from capital-intensive replacements to maintenance-focused operational spending.
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