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 »

Regulator cuts future Horizon Energy earnings in settlement

Article – BusinessDesk

Sep. 5 (BusinessDesk) – The Commerce Commission will cut the amount Horizon Energy can earn in coming years as part of an out-of-court settlement with the lines company after it earned 3 percent more than its regulated pricing allows. Read more »

SFO charges MightyRiverPower engineer with $2 mln fraud

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. Read more »

SFO lays charges for procurement fraud

Press Release – Serious Fraud Office

Two individuals have been charged in the Auckland District Court today with Crimes Act charges laid by the Serious Fraud Office for alleged fraud against Mighty River Power Limited relating to procurement for the Companys Southdown power station. Read more »

Vector Network News

Press Release – Vector Limited

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

Final decision on Transpower allowances, quality standards

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the allowances for operating and base capital expenditure, quality standards, and reporting requirements that will be used to set Transpowers price-quality path for the next five year regulatory … Read more »

Customers set to take more control in power switch up

Press Release – PricewaterhouseCoopers

Electricity consumers want more control over their energy supply, usage, service standards and costs, according to findings from a PwC report, Utility of the future a New Zealand context. Read more »

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