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Meridian Energy

BusinessJune 6

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 boss briefs investors
Meridian boss briefs investors
NewsMarch 28

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.
BusinessFebruary 19

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.
First Meridian report indicates 'good start'
First Meridian report indicates 'good start'
North OtagoNovember 29

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.
BusinessNovember 19

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.
BusinessOctober 29

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.
BusinessOctober 24

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.
BusinessOctober 13

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.
Five reports on Meridian share float
Five reports on Meridian share float
BusinessOctober 3

$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.
North OtagoOctober 1

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.
North OtagoSeptember 19

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.
Business as usual for fund
Business as usual for fund
BusinessSeptember 17

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.
Research available to investors
Research available to investors
BusinessSeptember 2

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.
Meridian sale further complicated
Meridian sale further complicated
BusinessAugust 12

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.
View Meridian sale could raise $2.5b
View Meridian sale could raise $2.5b
BusinessAugust 8

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.
Deal boost for Meridian
Deal boost for Meridian
BusinessMay 28

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, Genesis IPOs to go ahead
Meridian, Genesis IPOs to go ahead
BusinessMay 15

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.
Meridian may be next to market
Meridian may be next to market
BusinessApril 4

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.
Suspicion at smelter power snag
Suspicion at smelter power snag
BusinessOctober 11

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.
NewsSeptember 21

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.
BusinessAugust 13

Increased costs hit Meridian

An unprecedented year of low hydro flows and increased energy-related costs dragged Meridian Energy's operating profit down 28%, despite a lift in the company's total revenue.
Increased costs hit Meridian
Increased costs hit Meridian
NewsJune 6

Electricity return falls

The growing popularity of homeowners generating electricity from the sun via photovoltaic panels has led Meridian Energy to consider cutting the rate it pays for home-generated electricity.
West CoastMay 21

Meridian pulls plug on West Coast hydro scheme

Meridian has pulled the plug on its proposed Mokihinui hydro project on the West Coast of the South Island.
BusinessApril 15

Institutions to bid up SOE shares

The price of shares in the partially-listed state owned enterprises will be pushed up significantly as institutional investors, particularly superannuation funds, compete to meet demand.
Institutions to bid up SOE shares
Institutions to bid up SOE shares
North OtagoMarch 26

Wetlands plan has backing

Restoration, by the Duntroon community, of a wetland as a visitor attraction has received a boost with support from Meridian Energy Ltd which owns it.