MightyRiverPower sheds retail customers, gains commercial sales in lead-up to sale

Sun, 22 Jul 2012

July 23 (BusinessDesk) - MightyRiverPower continued to lose retail customers, while gaining large additional volumes of commercial electricity sales in the year before its intended partial privatisation, figures released to the NZX show. The state-owned power company issued its final quarterly update for the financial year to June 30, showing it shed 6,000 retail customers in the year to June 2012, down from 392,000 a year earlier to 386,000. The update will be the last before the company makes its scheduled announcement of full-year profit o...

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