Contact Energy profit up 17.6% on new plant and hydro gains

Article – BusinessDesk

Aug. 18 (BusinessDesk) – The stars aligned for Contact Energy in the year to June 30, producing a 17.6 percent increase in net profit at $234 million and a second dividend increase for shareholders in two years, as a new geothermal power station … Read more »

Contact Energy 2014 full year results

Press Release – Contact Energy

The completion of Contacts current investment programme in over $2 billion of new assets is evident in the strong results our business has delivered in FY14. Our diverse and flexible generation portfolio, supported by a reduction in gas take-or-pay … Read more »

Meridian beats forecast with 22% drop in FY profit

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Meridian Energy, which went public in October with a listing of installment receipts, posted a 22 percent decline in full-year profit in a market where retail electricity demand was flat and wholesale prices fell. Read more »

Vector Crews Kept Busy with House Fires and Gas Strikes

Press Release – Vector

There were car v pole incidents in Whitford and Manurewa during the week. A truck also hit a transformer enclosure*. Read more »

Northpower voted 2014 Lines Company of the Year

Press Release – North Power

Northpower has been judged New Zealands best electricity lines company for the second year running. The announcement was made at the Deloitte Energy Excellence Awards in Auckland on Wednesday. Read more »

Transpower posts drop in full-year profit after big upgrades

Article – BusinessDesk

Aug. 14 (BusinessDesk) – State-owned monopoly Transpower, operator of the national electricity grid, has reported an 18 percent drop in full-year profit, reflecting higher depreciation and interest costs following completion of major grid upgrades. Read more »

Lighting technology to help realise aspirations for stadiums

Press Release – Philips

New Zealand stadiums have the opportunity to become world leaders in pitch lighting, with Philips release in New Zealand of LED floodlights as part of its ArenaVision range. Read more »

Northpower – record financial performance

Press Release – Northpower

Erc Angelo, Chairman of the Northpower Electric Power Trust (NEPT) is pleased to announce a strong financial performance for the 2013/2014 financial year. Revenue for the Northpower Group for the 2013/2014 financial year lifted 9% to $308m and … Read more »

Vector Network News

Column – Vector

This week is Rail Safety Week (11th 17th August). Its an initiative to raise awareness about rail safety and encourage safe behaviour around trains and tracks. Aucklands new electric trains is supplied by two connections to Transpower’s 220 … Read more »

Five Far North schools win $6190 NRC environmental awards

Press Release – Northland Regional Council

Schools around New Zealand are being challenged to convert to solar power for their energy supply to match the efforts of a tiny Northland Regional Council award-winning school in the Far North. We need the sort of innovative approach thats happening … Read more »

Auckland Airport launches industry-leading energy programme

Press Release – Auckland Airport

A new initiative launched today will see Auckland Airport working in partnership with tenants to achieve ambitious energy-saving targets. Read more »

New multi-million dollar bill for taxpayers under failed ETS

Press Release – Green Party

New figures showing taxpayers forked out nearly $6 million in the last year on free pollution permits to Rio Tinto show the emissions trading scheme (ETS) must go, the Green Party said today. Read more »

Car v Pole Incidents Keep Crews Busy

Press Release – Vector Limited

It was a busy week for crews attending car v pole incidents. Eight incidents occurred across Auckland in Papakura, Mt Roskill, Papatoetoe, Massey, Mangere, Henderson and Waiheke during the week. A pole had to be replaced at the Papatoetoe incident. Read more »

NZ exceeds commitment to Pacific renewable energy

Press Release – New Zealand Government

Foreign Minister Murray McCully today updated Pacific leaders and post Forum dialogue partners on the progress being made to implement renewable energy projects agreed to at the 2013 Pacific Energy Summit. Read more »

Latest energy statistics published

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment has today published Energy in New Zealand 2014 , which contains a wide range of energy-related information based on new and consolidated statistics. Read more »

New Zealanders Being Gouged by Electricity and Liquid Fuels

Press Release – Climate change Iwi Leaders Group

New Zealand consumers of electricity are being price gouged to the tune of about $1.388 million while the companies pocket the profits, a new economic analysis released today by the Iwi Leaders Forum reveals. Read more »

Cost of Insured Damage From June Storm $30 Million

Press Release – Insurance Council of New Zealand

The cost of insured damage from the June 2014 storm that brought down trees and power lines cutting power to over 80,000 residents was $30 million, taking the tally for the year to $107 million. Read more »

Northpower appoints new Chair

Press Release – Northpower

Nikki Davies-Colley has been appointed Chair of Northpower. She was elected to the role by Northpowers Board of Directors. Mrs Davies-Colley replaces Warren Moyes who officially ends his tenure as Chairman on July 31. Read more »

Unison Announces Solid Result for 2013/14 Year

Press Release – Unison

Friday 25 July 2014 – Hawkes Bay consumer-owned lines company, Unison Networks, today announced a solid result for the 2013/14 financial year, declaring a $9.446 million dividend for its shareholders, the Hawkes Bay Power Consumers Trust. Read more »

Trustpower Limited First Quarter Operating Results

Press Release – TrustPower

Trustpowers operating statistics for the quarter ended 30 June 2014 together with prior period comparatives are provided at the end of this announcement. Read more »

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