Labour-Greens power policy hits Contact Energy share price

Thu, 18 Apr 2013

By Pattrick Smellie April 18 (BusinessDesk) - The share price of the country's largest listed electricity generator-retailer, Contact Energy, has taken a 3 percent knock immediately following the joint announcement by the Labour and Green parties of a radical rewind from electricity reforms of the last 25 years. If sustained, that indicates the Labour-Green policy is the latest of a string of political decisions and commercial circumstances that can be expected to drive down the issue price of shares in the partial privatisation of MightyRive...

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