MRP announces special dividend for shareholders

Press Release – Mighty River Power

Mighty River Power today announced a fully imputed special dividend of 5 cents per share to be paid to the Companys more than 102,000 shareholders on 11 December 2014. Read more »

Trustpower posts 16% gain in 1H profit, eyes Aust renewables

Article – BusinessDesk

Nov. 3 (BusinessDesk) – Trustpower, the energy company controlled by Infratil, posted a 16 percent gain in first-half profit after lifting retail electricity sales and said it is seeking more wind farm opportunities in Australia. Read more »

Vector crews kept busy with lightning strikes and fires

Press Release – Vector Limited

A helium balloon flew into lines in Warkworth on Labour Day causing them to come down. This resulted in an outage, including a set of traffic lights. Police managed the traffic at the intersection, however there were delays for commuters coming back … Read more »

Contact’s big solar buy-back drop bad news

Press Release – Green Party

Contact’s big solar buy-back drop bad news for Kiwis with solar The Green Party are calling for a law change to establish an independent umpire to set fair and reasonable buy-back rates after Contact Energy announced, from today, new small scale solar … Read more »

Tararua Wind Farm – world record turbine output

Press Release – TrustPower

Two of the thirty one Vestas V90 wind turbines operating at Trustpowers Tararua wind farm have set a world record for their total output, producing 100,000,000 KWh of electricity. These turbines are less than halfway through their design life. Read more »

Contact changes rate for electricity generation customers

Press Release – Contact Energy

From 1 November 2014, Contact is changing the rate paid to all new distributed generation customers for excess electricity they generate and sell back to the electricity grid to 8c/kWh excluding GST. Read more »

Margin that it applies to regulated cost of capital reduced

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) used for regulated businesses. The WACC uplift (or margin) for price-quality regulation has been set at the 67thpercentile, down from the 75th percentile. … Read more »

ComCom confirms lower rates of return for network monopolies

Article – BusinessDesk

Oct. 30 (BusinessDesk) – The Commerce Commission has confirmed it is reducing the allowable rate of return on capital for regulated electricity and gas network monopolies in a move that Auckland network owner Vector says will place “further pressure … Read more »

Upgrade to white light for Auckland roads

Press Release – Auckland Transport

Auckland Transport will replace 44,000 high pressure sodium (golden yellow light) street lights with energy efficient light emitting diodes (LED) luminaires in what will be New Zealands most ambitious LED replacement programme to date. Auckland … Read more »

Northpower Storm update #1

Press Release – Northpower

Northpower advises that lightning has caused multiple minor outages on its electricity network in Kaipara and Whangarei Districts this morning. Around 1000 customers are believed to be without power but that figure is changing constantly as fuses are … Read more »

Philips’ new LED lights bring a brighter future to NZ homes

Press Release – SweeneyVesty

Auckland, New Zealand Philips (NYSE: PHG, AEX: PHIA) has released a 14W LED light bulb that provides a similar light output to the most popular highest wattage Philips incandescent bulbs, in a move thats expected to further drive LED penetration … Read more »

Mighty River Power Operational Update: 30 Sept 2014

Press Release – Mighty River Power

Mighty River Powers operating statistics for the quarter to 30 September 2014 demonstrate a lift in total generation by 10% (170GWh) on the prior comparable period (pcp). Hydro generation was up 66GWh to 929GWh but below average due to a continuation … Read more »

Power price rises more than double the inflation rate

Press Release – Green Party

Power prices have risen at more than double the inflation rate since National took office, showing Nationals hands-off approach to the electricity market is a failure, the Green Party said today. Read more »

Vector warns on $80M hit from falling electricity use: CEO

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Vector, the Auckland lines company, says falling electricity consumption will cost it up to $80 million because of the way it’s regulated, according to chief executive Simon Mackenzie. Read more »

Power companies face ban on ‘saving’ departing customers

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Power companies face a ban on so-called “save” calls, where they ring a customer departing for a rival and try to entice them back with a better offer, to the dismay of large electricity retailers. Read more »

NZ’s biggest commercial solar energy installation

Press Release – Udy Group

New Zealands biggest ever commercial solar energy installation on the Tarewa Mega Centre in Whangarei has been switched on. Read more »

Campaign to help homeowners understand electrical rules

Press Release – Ministry of Business Innovation and Employment

A new consumer campaign by the Electrical Workers Registration Board (EWRB) has begun today, to raise awareness of the rules when getting electrical work done around the home. Read more »

Vector Network News

Press Release – Vector Limited

A bus struck a transformer in Glen Eden during the week, causing a power outage to the area. Our control room stayed in close contact with emergency services, restoring power to the area as soon as it was safe to do so. Read more »

Northpower receives national excellence accolades

Press Release – Northpower

Two of Northpowers Cable Jointers claimed top spots in the annual Connexis Cable Jointers competition at Thursday nights Excellence Awards Dinner held in Christchurch. Read more »

Contact announces new Hawea community fund

Press Release – Contact Energy

Contact and LMS Events have teamed up for another three years to run the much-loved Contact Epic, NZs Ultimate Mountain Bike Challenge, and have added some extra love to the partnership by establishing a new joint fund to support the local Hawea … Read more »

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