Jantar have alook at the estimates by Transpower to justify the 400KV line to AK . That was the last overoptimistic estimation I was talking about,it only meant that customers are now paying for about $ 600m of redundant assets which should not have been built and will never be used. I have been at the top of this industry for 35 to 40 years , the engineers always want to spend capital and you have to be very careful that you are going to get a commercial return. I believe that rates of return now considering the risks are to low to commit any meaningful capital . The same argument applies to distribution and Transmission. New technologies are making it cheaper for domestic customers to go on there own than use the energy from the grid and that will get worse as the industry changes pricing to make the charges unavoidable . At least some will leave.