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Electricity Industry Act 2010

Miscellaneous - State-owned enterprise asset reconfiguration and miscellaneous matters - Asset reconfiguration provision in respect of Whirinaki

127: Whirinaki

You could also call this:

“The Minister can stop the Whirinaki backup power agreement early”

The Minister can end the Whirinaki agreement at any time before it’s supposed to end. They just need to write a notice to the Authority. After doing this, the Minister needs to tell everyone about it as soon as they can.

Until the Whirinaki agreement ends, it will keep working as if the Authority was still the Commission and the reserve energy scheme was still going on. It will also work as if this new law hadn’t been made.

The Whirinaki agreement is a special deal between the Electricity Commission and the Queen of New Zealand. It’s about having extra power ready in case it’s needed.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3207100.

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Part 5 Miscellaneous
State-owned enterprise asset reconfiguration and miscellaneous matters: Asset reconfiguration provision in respect of Whirinaki

127Whirinaki

  1. The Minister may terminate the Whirinaki agreement, at any time before its termination date, by notice in writing to the Authority.

  2. The Minister must publicise the termination as soon as practicable.

  3. Until the Whirinaki agreement terminates, the Whirinaki agreement continues as if—

  4. the Authority were the Commission and the reserve energy scheme were continuing; and
    1. this Act had not been passed.

      1. In this Part, the Whirinaki agreement means the reserve generation capacity agreement entered into between the Electricity Commission and Her Majesty the Queen in right of New Zealand.