Power companies gain as investors bet on National Party win

Wed, 17 Sep 2014

By Suze Metherell Sept. 18 (BusinessDesk) - Investors in listed power companies appear to be betting the National Party will retain the government benches at Saturday's general election, leaving the sector's existing regulatory structure intact. The NZX Energy Index has gained 6.8 percent over the past 30 days, outpacing the 2.1 percent increase on the benchmark NZX 50 Index, as polling shows a National-led administration is more likely to be returned in the Sept. 20 vote than for the government to change to a Labour-led government, which...

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