Buller Electricity triggers mop-up provisions for Pulse

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Buller Electricity has sent a compulsory acquisition notice for the remaining shares in Pulse Energy, after becoming the dominant shareholder in the energy retailer following a takeover bid. Read more »

Taste of hybrid bus future in Wellington next week

Press Release – Greater Wellington Regional Council

A hybrid bus is coming to Wellington next Wednesday and Wellingtonians are encouraged to get on board for a taste of the new bus future, says Paul Swain, Greater Wellington Regional Councils public transport portfolio leader. Read more »

o new coal mines: China announces three year ban

Press Release – Environment and Conservation Organisations of NZ

No new coal mines: China announces three year ban, closes 1,000 coal mines NZ should also stop approvals ECO today welcomed an announcement that no new coal mines will be approved in China for three years and a further 1,000 existing coal mines … Read more »

Buller Electricity wins takeover of Pulse Energy

Article – BusinessDesk

Dec. 31 (BusinessDesk) – Three of Pulse Energy’s directors have accepted Buller Electricity’s share offer, giving the South Island lines company more than 90 percent of the energy retailer’s shares and the ability to enforce compulsory acquisition of the remaining … Read more »

S&P reaffirms Mighty River Power’s BBB+ rating

Press Release – Mighty River Power

S&P reaffirms Mighty River Powers BBB+ corporate credit rating Ratings agency Standard & Poors has confirmed Mighty River Powers corporate credit rating as BBB+/Stable in a report published today. Mighty River Power CFO, William Meek, … Read more »

$3m returned to Northpower consumers

Press Release – North Power

$3 million is to be distributed to Northpowers 56,500 electricity consumers courtesy of the Northpower Trust (NEPT). Every Northpower consumer connected to the Northpower electricity is eligible for a $50 distribution, meaning consumers will see a $50 … Read more »

NZ Carbon Farming loses appeal in carbon credit spat

Article – BusinessDesk

Dec. 18 (BusinessDesk) – The Court of Appeal has dismissed an appeal by New Zealand Carbon Farming, the countrys largest supplier of post-1989 bulk carbon credits, against a High Court decision in favour of Mighty River Power over a $34.7 million … Read more »

Trustpower plans to carve out wind business into separate co

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Utility company Trustpower plans to spin out its windfarms and renewable development pipeline into a separate business, and has the blessing of majority shareholder Infratil to do so. Read more »

Demand Response programme attracts strong interest

Press Release – Transpower

Transpower said today that the results from its recent Demand Response Programme demonstrated an increasing consumer interest in managing electricity usage and being involved in programmes that are providing beneficial returns. Read more »

The future of public transport is electric

Press Release – Wellington Electricity

The Wellington Regional Council is to be congratulated on its commitment to an all-electric bus fleet for the future of Wellington, says Greg Skelton, CEO of Wellington Electricity. Read more »

Vector shareholders overwhelmingly back sale of gas assets

Article – Businesswire

Dec. 16 (BusinessDesk) – Shareholders in Vector, the gas and electricity distributor, have voted overwhelmingly to sell its gas transmission and distribution assets outside Auckland to Australian investor First State Funds for $952.2 million. Read more »

EGCC Commissioner to leave

Press Release – Electricity and Gas Complaints Commission

Electricity and Gas Complaints Commissioner Judi Jones is to leave the role in March next year. Read more »

CORRECT: Flick Electric raises $5 mln new capital

Article – Businesswire

Dec. 15 (BusinessDesk) – Wellington-based online electricity retailer, Flick Electric, has raised $5 million in its second capital-raising in two years, adding the Gisborne-based Eastland Group as a cornerstone shareholder with an 11.1 percent shareholding, for … Read more »

$5m investment to continue Flick’s rapid rise

Press Release – Flick Electric Co

$5m investment to continue Flicks rapid rise High-growth electricity retail business Flick Electric Co. has concluded its latest capital round, taking on a number of new shareholders including Eastland Group, and two leading institutions. The company … Read more »

Flick Electric raises $5mln of new capital

Article – BusinessDesk

Dec. 15 (BusinessDesk) – Wellington-based online electricity retailer, Flick Electric, has raised $5 million in its second capital-raising in two years, adding the Gisborne-based Eastland Group as a cornerstone shareholder with an 11.1 percent shareholding, for … Read more »

Fires keep crews busy

Press Release – Vector Limited

There were 15 house/building fires reported during the week in Mangere, Oranga, Maraetai, Glen Eden, Takapuna, Birkenhead, Kelston, Papatoetoe East, Otahuhu, Henderson, Half Moon Bay, Wairau Valley, Manurewa and the CBD (2). Crews responded to requests from … Read more »

Flick Electric Co. customer savings top million-dollar mark

Press Release – Flick Electric Co

Electricity Authority figures show $280m savings available in residential market Customers of power company Flick Electric Co. topped $1m in savings this week after just 18 months in market, and with a rapidly growing customer base, the company expects … Read more »

Residential electricity demand increases

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employments latest Energy Quarterly shows that residential demand for electricity increased by 5.3 per cent in the September quarter 2015. Read more »

MARKET CLOSE: NZ shares rise, led by Xero and Spark

Article – BusinessDesk

MARKET CLOSE: NZ shares rise led by Xero, Spark; property stocks advance on rate cut prospect Read more »

New Contact chairman confuses company, Pryke steps down

Article – BusinessDesk

Dec. 9 (BusinessDesk) – Contact Energy shareholders met for the company’s annual meeting in Wellington, disgruntled by a 5 percent earnings downgrade and an 8 percent slump in the share price this week, only to have their new chairman-elect confuse … Read more »

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