ELECTRICITY (PACIFIC POWER) ACT 1950 - SECT 5A Principal objectives of Pacific Power

This legislation has been repealed.

ELECTRICITY (PACIFIC POWER) ACT 1950 - SECT 5A

5A Principal objectives of Pacific Power

(1) The principal objectives of Pacific Power are:

(a) to be a successful business and, to this end:

(i) to operate at least as efficiently as any comparable businesses, and

(ii) to maximise the net worth of the State's investment in it, and

(b) to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates, and

(c) where its activities affect the environment, to conduct its operations in compliance with the principles of ecologically sustainable development contained in section 6 (2) of the Protection of the Environment Administration Act 1991 .

(2) Each of the principal objectives of Pacific Power is of equal importance.