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About Vector Limited
VCT owns and operates the Auckland electricity distribution network and the Auckland gas distribution network. It has ~560,000 electricity and ~108,000 gas connections. The Networks division provides most (~75%) of VCT's operating earnings which are regulated by the Commerce Commission. Unregulated businesses include a natural gas trading business, LPG business, a share in the Kapuni processing plant, telecommunications business, solar business, HRV ventilation business and metering business. AMS is the largest smart metering business in New Zealand. VCT also owns 60% of Liquigas and 22% of NWF. VCT's majority shareholder is the Entrust which owns 75%.
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