Meridian boss briefs investors
Six months after its partial listing by the Government, Meridian Energy is confident of hitting prospectus targets, but its boss concedes the future of Tiwai Point aluminium smelter remains the elephant in the room.
Meridian Energy
Meridian matter of fact about low lake, river levels
Meridian matter of fact about low lake, river levels
Low lake levels throughout Otago mean electricity suppliers may face winter with below-average storage levels.
First Meridian report indicates 'good start'
First Meridian report indicates 'good start'
Meridian Energy delivered some more bad news for the prospective Labour-Green government when it yesterday delivered its first report since listing last year on the NZX.
Meridian appeals discharge decision
Meridian appeals discharge decision
Power company Meridian Energy Ltd has appealed a decision to grant resource consent for a 2000-cow Twizel farm to discharge dairy effluent, because of concern it could impact on operations on the Upper Waitaki hydro-scheme.
Higher storage, lower price
Higher storage, lower price
Newly-listed Meridian Energy received an average price for its generation in the three months ended September 22% lower than in the same quarter last year.
Market shrugs off political concerns
Market shrugs off political concerns
Investors shrugged off any concern about the political future as large volumes of Meridian shares were traded after the country's largest energy company listed on the NZX yesterday.
Meridian float may force Govt's hand
Meridian float may force Govt's hand
Less money than expected received from the partial sell-down of Meridian Energy may force the Government to rethink its state-owned assets sales programme.
Five reports on Meridian share float
Five reports on Meridian share float
Five separate and independent reports have now been lodged with the New Zealand stock exchange about Meridian Energy's partial share float.
$1.60 Meridian limit advised
$1.60 Meridian limit advised
The short-term high dividend yield offered by Meridian Energy made the shares worth buying through to the upper retail limit of $1.60, Wanaka-based Logic Fund Management said in its research note.
Meridian offloads farmland
Meridian offloads farmland
Almost a decade after Meridian Energy canned its planned $1.2 billion Project Aqua hydro-electric canal scheme on the Waitaki River, nearly 900ha of North Otago farmland bought for the project is to go under the hammer.
Business as usual for fund
Business as usual for fund
A community programme that has funded more than $2.2 million of projects in the Waitaki since it was set up by Meridian Energy six years ago will not be affected by the looming partial privatisation of the state-owned energy provider.
Research available to investors
Research available to investors
Independant research on state-owned power company Meridian Energy will be made available following feedback during the Mighty River Power offer which said more information was needed.
Meridian sale further complicated
Meridian sale further complicated
Another complication arose yesterday to the forthcoming sale of state-owned Meridian Energy after the Keep Our Assets coalition's petition reached the required numbers to trigger a referendum.
View Meridian sale could raise $2.5b
View Meridian sale could raise $2.5b
State-owned energy company Meridian Energy is likely to list on the NZX on October 18 as the Government seeks to sell down 49% of the company to retail and institutional investors.
Deal boost for Meridian
Deal boost for Meridian
The Government's decision to supply the operator of the Tiwai Point aluminium smelter with $30 million to secure a power deal with Meridian Energy is seen as a cynical attempt to lift the state-owned power company's value to future shareholders.
Meridian, Genesis IPOs to go ahead
Meridian, Genesis IPOs to go ahead
The partial sell-downs of Meridian and Genesis Energy will proceed, with Meridian to be listed later this year but no date put on the Genesis listing.
Meridian may be next to market
Meridian may be next to market
The Government is expected to announce today the next state-owned energy company to be partly sold down and if it is Meridian Energy, the float will dwarf all in the past two decades.
Suspicion at smelter power snag
Suspicion at smelter power snag
Meridian Energy is being accused of deliberately withdrawing from talks with Pacific Aluminium on the eve of Easter, leaving the operator of the Tiwai Point aluminium smelter with no room to move.
Smelter talks 'not broken'
Smelter talks 'not broken'
Reports that Meridian Energy walked away from talks with the owners of the Tiwai Pt aluminum smelter last week are simply false, its chief executive Mark Binns says.
Homeowner-generated electricity payment lower
Homeowner-generated electricity payment lower
Meridian Energy has revealed the size of the cut it intends making in payments for electricity generated by homeowners with photo voltaic panels on their roofs.