1. New Investment Contracts (NICs)

2. Preliminary View Regulated service under Part 4
Commission should not interpose itself between Transpower and customers by including NICs in a price-quality path – provided certain conditions met

3. Discussion
Do NICs contribute to provision of a regulated service (being conveyance of electricity by line)?
If so, how should they be regulated?
Included/excluded from price-quality path?
Certify that terms and conditions reasonable, etc?
Process regulation (negotiating framework, pricing model, etc)