Contact, Genesis at greatest risk from Tiwai closure, S and P says

Tue, 16 Jul 2013

July 16 (BusinessDesk) – Contact Energy and state-owned Genesis Energy are the two power companies most at risk if the Tiwai Point aluminium smelter closes, says a senior Standard & Poors analyst, Richard Creed. In an interview televised on the Reuters Insider programme, Creed, who is S&P’s director of corporate and infrastructure ratings in Australia, picked all the listed power companies in the New Zealand market as sources of stable dividend yields over coming years. That’s because no new power stations will need to be built in the forese...

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