Orion continues to progress earthquake rebuild work

Press Release – Orion New Zealand Limited

After suffering severe quake damage to its electricity network, Orion continues to make excellent progress on restoring network resilience and reliability. Read more »

Equinoctial gales usher in spring

Press Release – Vector Limited

Wednesday (Sept 24) morning at 9:18am marked a special point in our orbit around the sun – the overhead sun shifted from the northern hemisphere to the southern hemisphere, known as the September equinox. Over the next few weeks, as we notice the longer … Read more »

Tax office appeals Vector’s $53 million win on CBD tunnel

Article – BusinessDesk

The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator’s access rights to its Auckland CBD tunnel. Read more »

Vector’s Electric Vehicles Out and About

Press Release – Vector Limited

Not long ago, it wasn’t that easy to spot an electric vehicle. They seemed rare, like something only movie stars and Silicon Valley entrepreneurs drove. Read more »

Auckland households to get record $335 electricity dividend

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Hundreds of Auckland householders are receiving a financial boost of $335 today, in a record annual electricity dividend totalling $105 million from Auckland Energy Consumer Trust Read more »

Remote flying takes off at UC

Press Release – University of Canterbury

Two UC academics have designed a programme that allows third-year engineering students to fly model helicopters remotely from any computer in the world. Read more »

NZ power companies soar after National victory

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Shares of electricity generators and retailers soared, lifting the benchmark NZX 50 Index, after the National Party’s convincing election victory on the weekend wiped out any regulatory fears for the power companies. Read more »

Be prepared for storm effects, says Vector

Press Release – Vector Limited

Be prepared for storm effects, says Vector Vector cautioned power users to be prepared following a severe weather warning for Auckland today. Met Service say severe south or south-west gales could affect Auckland from mid-morning through to mid-afternoon … Read more »

Why power prices matter

Press Release – New Zealand Labour Party

News that the CEO of Contact Energy is now earning $1.7 million a year, or $33,000 a week, has shocked many New Zealanders and reinforces the urgent need for Labours NZ Power policy, Labours Finance spokesperson David Par-ker says. Read more »

MRP Appoints General Manager for Hydro/Wholesale

Press Release – Mighty River Power

Mighty River Power today announced the appointment of Phil Gibson to the position of General Manager Hydro/Wholesale as part of the Companys leadership team under new Chief Executive Fraser Whineray. Read more »

Power companies gain as investors bet on National Party win

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Investors in listed power companies appear to be betting the National Party will retain the government benches at Saturday’s general election, leaving the sector’s existing regulatory structure intact. Read more »

More oil company subsidies, power price increases under Nats

Press Release – Green Party

Power prices are set to rise further under National along with our carbon emissions, as outlined in its Energy and Resources policy announced this morning, the Green Party said today. Read more »

RESEND: Infratil shares gain on Australian energy sale

Article – BusinessDesk

Sept. 15 (BusinessDesk) – Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations, which will generate a $44 million fee for manager HRL Morrison … Read more »

Infratil shares gain on Aust energy sale, manager books fee

Article – BusinessDesk

Sept. 15 (BusinessDesk) – Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations for A$605 million, which will generate a $44 million fee for manager … Read more »

Start to Spring Brings Volatile Weather

Press Release – Vector Limited

The start of spring ushered in the usual volatile weather in the shape of blustery conditions over the weekend. On Sunday, wind gusts of up to 85 km/h were reported in Whangaparaoa, 70 km/h in West Auckland and 76 km/h in southern parts of the city. … Read more »

Infratil sells Australian energy assets for A$605 mln

Article – BusinessDesk

Sept. 15 (BusinessDesk) – Infratil, the infrastructure investor, has sold its Australian energy assets to Snowy Hydro for A$605 million, plus an adjustment for final working capital. Read more »

Quieter Week for Vector Crews

Press Release – Vector Limited

Vector has made it easier for its northern network customers to report an outage. Instead of calling their retailer, they can now get in touch with Vector directly. Read more »

Election Twitter Contest starts today: $250 weekly prize

Press Release – Powershop

This election campaign has been full on – hacked emails, black ops, complaints, inquiries and other carry on – and still two weeks to go. Read more »

Commerce Commission to consider electricity metering merger

Press Release – Commerce Commission

The Commerce Commission has received an application from Vector Limited seeking clearance to acquire Arc Innovations Limited from Meridian Energy Limited. Read more »

Commission settles with Horizon Energy

Press Release – Commerce Commission

The Commerce Commission has reached an out-of-court settlement with Horizon Energy Distribution Limited (Horizon Energy) for earning more than its price path allowed in 2011/12. For the year ended 31 March 2012, Horizon Energy exceeded its price path … Read more »

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