CORRECT: Trustpower warns of 2019 dry-year risk, declares special dividend

Mon, 05 Nov 2018

(Corrects generation volume in 16th paragraph) By Gavin Evans Nov. 5 (BusinessDesk) - Trustpower says a dry year in 2019 is a “real possibility” and warns that some retailers may not be prepared for it. It says supply and demand in the electricity market has largely moved into balance and the potential for greater price volatility is not yet reflected in retail prices. The company, which today announced a 25-cent-a-share special dividend and signalled potential for another next year, says it remains of the view that some retailers’...

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