The Commerce Commission (“Commission”), pursuant to section 81 of the Electricity Industry Reform Act 1998
(“the EIR Act”), exempts Stephen Reindler from compliance with section 17 of the EIR Act in respect of
the cross-involvements (as that term is defined in the
EIR Act) with Auckland International Airport Limited
and Meridian Energy Limited that would be created through his appointment to the position of director of Meridian Energy Limited outlined in his application for exemption registered by the Commission on 2 July 2008.
The exemption is subject to the following conditions:
(a) Whilst Stephen Reindler is cross-involved with Meridian Energy Limited and Auckland International Airport Limited, Stephen Reindler shall not participate in any discussions or decision making
by Meridian Energy Limited and/or Auckland International Airport Limited regarding matters
that relate to or could affect or favour the
supply of electricity by Meridian Energy Limited
(or disadvantage any other electricity supply business other than Meridian Energy Limited) on Auckland International Airport Limited’s electricity distribution network or the provision of electricity lines services by Auckland International Airport Limited to Meridian Energy Limited, including:
(i) the selection of, and any negotiation with, any electricity retailer for the supply, or intended supply, of electricity to Auckland International Airport Limited; and
(ii) the supply, or intended supply, of electricity
by Meridian Energy Limited to any new, or existing, consumers on Auckland International Airport Limited’s electricity distribution network;
and shall not disclose the outcomes of any discussions or decision making by Auckland International Airport Limited to Meridian Energy Limited (and vice versa) on those matters;
(b) Stephen Reindler will confirm to the Commission, in writing, that the cross-involvement to which this exemption applies has ceased within one calendar month of the cross-involvement ceasing to exist;
(c) this exemption expires when the Commission publishes on its website Stephen Reindler’s written confirmation that his cross-involvement has ceased, unless any variation or earlier revocation in terms
of section 81(5) occurs before that event; and
(d) this exemption is specific to the cross-involvements created through Stephen Reindler’s involvement in Meridian Energy Limited. It does not extend to any other interest or existing or future cross-involvement of Stephen Reindler.
The exemption takes effect from the date of its publication in the New Zealand Gazette.