Meridian gets silver lining from February's ex-cyclones with rain dump in hydro lakes

Mon, 12 Mar 2018

By Rebecca Howard March 13 (BusinessDesk) - Meridian Energy saw hydro storage increase last month as tropical storms brought heavy rainfalls, ending a protracted dry spell for the renewable electricity generator and retailer. Wellington-based Meridian said South Island storage at 100 percent of average storage on March 11 while North Island storage stood at 158 percent. National hydro storage increased from 92 percent to 107 percent of historical average in the month to March 11, it said. The company's earnings fell in the final six...

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