‘Mum and dad’ investors myth busted

Press Release – Green Party

Green Party research, confirmed by Treasury, shows that half of the shares in Mighty River Power that National sold to retail investors went to just 13,000 people and that 10 percent of the retail shares went to just 400 wealthy people and organisations, … Read more »

Cold Kiwis Show Need For Lower Power Prices, Home Insulation

Press Release – Green Party

More than one in three Kiwi households face a cold winter under National, highlighting the need for lower power prices and better insulation of homes, Green Party Co-leader Dr Russel Norman said today. Read more »

Reaching For The Rug This Winter? You’re Not Alone

Press Release – Canstar Blue

As the country bids farewell to one of the longest driest summers on record, a new consumer survey shows that many New Zealanders face a cold winter in their homes. Read more »

More Kiwis Having Power Supply Cut Off

Press Release – New Zealand Labour Party

New figures obtained by Labour show that more Kiwis are having their power supply cut off because they cant afford to pay their electricity bills, says Labour Leader David Shearer. Read more »

Bridges to visit Japan and Australia

Press Release – New Zealand Government

Energy and Resources and Labour Minister Simon Bridges leaves for Japan today where he will address the annual Nikkei Forum and meet with business and political leaders. Read more »

Electricity Authority: Consumer and stakeholder Surveys

Press Release – Electricity Authority

Consumers and stakeholders perceptions of competition within the electricity sector have improved over the last two years, recent surveys show. Read more »

Power cuts affect 340 customers

Press Release – Orion New Zealand Limited

At 5.25am today an area to the north of Rolleston was affected by a power cut. This cut was coincidental with heavy rainfall. Power was restored in approximately 2 hours at 7.29am. Read more »

MightyRiverPower shares dip below $2.50 offer price

Article – BusinessDesk

May 20 (BusinessDesk) – Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. Read more »

Power Price Surge Highlights Need For NZ Power

Press Release – Green Party

The latest surge in businesses electricity costs highlights the failure of the current electricity market and the need for the introduction of NZ Power to bring down electricity prices, Green Party Co-leader Dr Russel Norman said today. Read more »

Free seminar on saving energy and teleworking!

Press Release – CAfE

17 May 2013 Expo powers up today Come and see the future: Our Energy Future EXPO 17 and 18 May 2013 The Our Energy Future EXPO organised by Christchurch Agency for Energy (CAfE) promises lots of surprises and the possibility to learn a lot about … Read more »

KCE update on share buyback process

Press Release – King Country Energy

King Country Energy (KCE) acquired 100% of the Mangahao power station assets in 2012. The rationale for the acquisition was to enhance KCEs ability to maintain and grow value for the benefit of all Shareholders in an increasingly competitive and … Read more »

Repayment of Retail Bond

Press Release – Mighty River Power

Mighty River Power today confirms the repayment of its $200 million retail bond that matured. Read more »

Meridian Sell-Off Could Cost Economy Billions

Press Release – Greenpeace New Zealand

Responding to todays Budget, which included plans to sell off New Zealand-owned Meridian Energy, Nathan Argent, Greenpeaces chief policy advisor, said: Read more »

BUDGET 2013 Meridian mega-float by year’s end

Article – BusinessDesk

May 16 (BusinessDesk) – The country’s most valuable electricity company, Meridian Energy, will be partially privatised in the second of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in … Read more »

Meridian Energy to be readied for partial sale

Press Release – New Zealand Government

The Government is taking the next step in its share offer programme and preparing Meridian Energy for partial sale later this year, Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall say. Read more »

IPO signals next phase in evolution of Mighty River Power

Press Release – Mighty River Power

“We are delighted to see the breadth and depth of our investor base, particularly first-time investors and we are heartened by the confidence those investors have placed in the Company’s future,” said Chair Joan Withers. Through this Offer … Read more »

MRP senior managers in line for $1.2M in bonus shares

Article – BusinessDesk

May 16 (BusinessDesk) – Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company’s first disclosures to the NZX and ASX as a listed company … Read more »

TrustPower pays $13.7 mln for Energy Direct NZ

Article – BusinessDesk

May 15 (BusinessDesk) – TrustPower, the electricity generator and retailer controlled by Infratil, will pay $13.7 million for the assets of Wanganui council owned Energy Direct New Zealand, allowing it to add customers near its electricity plants. Read more »

Free seminar on saving energy and teleworking!

Press Release – CAfE

14 May 2013 Come and see the future: Our Energy Future EXPO 17 and 18 May 2013 Christchurch Agency for Energy (CAfE) has organised Christchurchs first Energy Future Expo in partnership with the Association for the Promotion of Electric Vehicles (APEV) … Read more »

Bioenergy conference highlights opportunities

Press Release – Federated Farmers

A one-day conference in Rotorua this Thursday (16 May), supported by Federated Farmers, will take land owners through the economics of bioenergy, which could become a big part of New Zealands energy future. Read more »

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