Clear-cut rules will help investment and innovation: Vector

Clearer proposed rules on how utility companies can operate have been welcomed by lines company Vector.

Acting Vector chief executive Simon Mackenzie said the draft decisions highlight the Government's clear intent to "provide the right incentives and regulatory certainty for infrastructure companies to invest and innovate".

The Government is to change the regulatory control provisions to clarify how regulation will occur and alternatives to price control.

Vector shares closed up 4c at $2.31 yesterday.

Trust-owned lines companies would have to disclose information about their working.