A quarter of New Zealand’s $35.7 billion of water, wastewater and stormwater infrastructure is more than 50 years old and up to 20 percent needs renewal or is unserviceable, according to the 3 Waters project by Local Government New Zealand, the first national picture ever published of New Zealand’s water assets. Overall, New Zealand’s water infrastructure was sound and performing as needed, but investment …

Meridian Energy will watch first for closure by fossil fuel-fired power stations before making any decision on how it responds if the Rio Tinto, majority owner of the Tiwai Point aluminium smelter, exercises its option to terminate its contract on July 1 next year, Meridian’s chief executive, Mark Binns, told shareholders at the company’s first annual meeting since listing on the …

Chorus, the regulated telecommunications network operator, wants to add another independent director to its board to enhance its capability in what’s become a vastly different landscape in just three years. Shareholders today voted on whether to approve a lift in the pool for directors’ fee to $1.1 million from $980,000, which was set in 2012 when Chorus was carved out …