Meridian says it's ready for smelter decision – should it stay, or should it go

Uncertainty about the Tiwai smelter's future continues to hang over the electricity sector. (Image: Getty)

Wed, 30 Aug 2023

Meridian Energy says it is ready for a future with or without the Tiwai Point aluminium smelter, but is hoping the long-running negotiations will bring certainty one way or the other, reasonably soon.On Tuesday, the company reported a 10% increase in operating earnings for the year to June 30, reflecting higher generation volumes and high wholesale electricity prices during the year. Earnings before interest, tax, depreciation, amortisation and adjustments for changes in the value of financial instruments (Ebitdaf) was $783 million for the...

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