Power companies likely to ‘sue for peace’ if Labour-Greens take office

Thu, 03 Oct 2013

By Pattrick Smellie Oct. 3 (BusinessDesk) – Electricity companies would be likely to “sue for peace” if a Labour-Green coalition government takes power at the 2014 election, to try to forestall plans to upend existing electricity markets, says Edison International Research in analysis of the Meridian Energy float. Edison also suggests that electricity generators with large natural gas requirements to run some of their power stations would avoid “negotiations to contract further gas due to concern that, if the NZ Power proposal was implemented...

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