Genesis price latest in litany of asset sale failures

Press Release – Green Party

Genesis price latest in litany of asset sale failures Nationals cornerstone economic policy, asset sales, has been a complete failure, Green Party Co-leader Dr Russel Norman said today. The Government has announced that it plans to sell Genesis for … Read more »

Genesis fire sale: asset sales net under $5b

Press Release – New Zealand Labour Party

Genesis fire sale: asset sales net under $5b The last of Nationals failed asset sales is yet another fire sale with this time the Government ruining the books of Genesis,Labours SOE spokesperson Clayton Cosgrove says. It is now official: … Read more »

Genesis shares priced at $1.55

Press Release – New Zealand Government

New Zealanders have the opportunity to buy the majority of available Genesis Energy shares when the offer opens to retail investors tomorrow morning, after the successful completion of the bookbuild. The Genesis shares have been priced at $1.55 each, meaning … Read more »

Genesis Energy to list at $1.55 a share to raise $736mln

Article – BusinessDesk

March 28 (BusinessDesk) Genesis Energy shares will list on April 17 at $1.55 a share, at the high end of the value range of $1.35 to $1.65 a share nominated for the sale of up to 49 percent of New Zealands largest electricity and gas retailer … Read more »

Transpower pulls out of Ruataniwha Scheme

Press Release – Transparent Hawke’s Bay

Transparent Hawkes Bay spokesperson, Pauline Elliott, says it is not surprising Trustpower has pulled out of the Ruataniwha Water storage scheme. This scheme has multiple levels of risk. One of them is demand risk. That is, how many … Read more »

Trustpower pull-out a big blow to dam project

Press Release – New Zealand Labour Party

The Ruataniwha Dam project could be left high and dry by the Trustpower pullout, raising serious questions about the business case, says Labours Water spokesperson Meka Whaitiri. Read more »

Falling temperatures, rising electricity costs

Column – Frank and Muriel Newman

Winter is on the way, which means household power bills are about to rise as space heating costs kick in. The other thing thats about to kick in is a new round of power price rises. Genesis for example, said that the increase would be 3.6% nationally … Read more »

UPDATE TrustPower backs out of Ruataniwha water scheme

Article – BusinessDesk

March 27 (BusinessDesk) – Trustpower, the electricity company controlled by Infratil, has walked away from the $265 million Ruataniwha water storage scheme, the same day the Hawkes Bay Regional Council set the timeline for public consultation. Read more »

Trustpower backs out of Ruataniwha water scheme

Article – BusinessDesk

March 27 (BusinessDesk) – Trustpower, the electricity company controlled by Infratil, has walked away from the $265 million Ruataniwha water storage scheme, the same day the Hawkes Bay Regional Council set the timeline for public consultation. Read more »

Ruataniwha Water Storage Scheme

Press Release – TrustPower

Trustpower announces that it has decided to withdraw as a potential investor in the RWSS. Trustpower has determined that it will not be possible to invest within its risk and return framework for a project of this nature. Read more »

Draft decision on Transpower’s line upgrade released

Press Release – Commerce Commission

The Commerce Commission has today released its draft decision to approve Transpowers proposed line upgrade between its Bunnythorpe substation near Palmerston North and Haywards substation in the Hutt Valley. Read more »

Outstanding Response to Waipa District’s Community Awards

Press Release – TrustPower

With fifty-one entries received for the Trustpower Waipa District Community Awards, locals have really got behind their volunteers. Read more »

National gives up on its ‘mum and dad’ investor ruse

Press Release – Green Party

The National Government has given up on the myth that it is selling shares in the electricity companies to mum and dad investors, with just 9% of Genesis to be reserved for New Zealand retail investors, Green Party Co-leader Dr Russel Norman … Read more »

National shuts Mums and Dads out of Genesis sale

Press Release – New Zealand Labour Party

National has deliberately cut Mum and Dad investors from the Genesis sale, restricting them to just nine per cent of the shares while selling the rest to the Governments investor friends, Labour Leader David Cunliffe says. Read more »

NZ government to sell full 49% of Genesis Energy

Article – BusinessDesk

March 26 (BusinessDesk) The government will sell 49 percent of Genesis Energy in the last of its scheduled asset sales after feedback from institutions and brokers gave it confidence it didnt need to reduce the size of the selldown. Read more »

Up to 49% of Genesis for sale in share offer

Press Release – New Zealand Government

The Government today confirmed that up to 490 million shares – or 49 per cent of Genesis Energy – will be available for sale through the share offer. Read more »

WINZ intimidation linked to surge in power disconnections

Press Release – Auckland Action Against Poverty

A deepening culture of intimidation at Work & Income explains why more people are going without power, and less are receiving their hardship entitlements to cover electricity and gas payments, says Auckland Action Against Poverty spokesperson Alastair … Read more »

Work & Income intimidation culture linked to disconnections

Press Release – Auckland Action Against Poverty

A deepening culture of intimidation at Work & Income explains why more people are going without power, and less are receiving their hardship entitlements to cover electricity and gas payments, says Auckland Action Against Poverty spokesperson Alastair … Read more »

Could Genesis Be Best Of the Power Company Partial Sales?

Press Release – NZ Energy and Environment Business Week

The editors of respected sector weekly NZ Energy & Environment Business Alert say a general consensus seems to be forming over the Genesis float – It could be a handy investment in the short to medium term. Read more »

Benefits to Buller consumers from Pulse investment

Press Release – Buller Electricity

Buller Electricity is pleased to release the results of an investigation into the benefits to consumers in the Buller region arising as a consequence of their investment in Pulse Energy Limited (Pulse). Buller Electricity commissioned Andrew Shelley an … Read more »

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