Vector Surges with Record Investment | Auckland News

Auckland News Today | 2 Min News | The Daily News Now! · Aug 17, 2026 · 1m

Vector’s profits soared 55% to $240.2 million, fueled by record investment in Auckland’s power grid and booming demand for electric infrastructure. With $512 million poured into upgrades—connecting over 13,000 new homes and businesses—the company is powering Auckland’s energy transition. CEO Chris Blenkiron credits customer focus and operational excellence for the surge, as electricity revenue climbed 18% despite a slight dip in gas connections. Looking ahead, Vector plans to invest $605–$635 million next year and target underlying earnings of $540–$560 million, cementing its role in shaping…