Police confiscated eleven guns belonging to Waikato farmer Steve Meier as a "precautionary step" when they accompanied Transpower contractors onto his land.

Landowner Steve Meier blames Transpower for yesterday's power outages, Transpower blames Mr Meier, John Banks blames the Govt, and the Govt blames a 'multiplicity of reasons'.

Aucklanders had no disruption to hot water this morning after lines company Vector warned of possible hot water cuts.

Farmer Steve Meier blames Transpower for yesterday's power cuts, saying he warned five years ago that a fire would happen - but Transpwer says Mr Meier is the most difficult person in NZ to deal with.

The Government is confident its shakeup of the electricity market will slow increases in power prices ... but it is making no promises about them coming down.

Transpower is contemplating a domestic bond issue of around $200m early next year as it gears up for $5 billion of capital expenditure on national grid upgrades over the next decade.

Transpower is given final approval to build its transmission line through the Waikato, from Whakamaru to south Auckland.