RESEND: Contact board happy with strategic direction, Norris says

Tue, 10 Oct 2017

(Fixes typo in headline) By Paul McBeth Oct. 11 (BusinessDesk) - Contact Energy's board is happy with the direction of the electricity generator-retailer, which it sees as supporting a new distribution policy set to deliver bigger returns to shareholders, says chairman Ralph Norris. In his address to shareholders at today's annual meeting in Auckland, Norris stayed close to the script in the 2017 annual report in that the generation business doesn't need new builds in the immediate future, and that it's relying on innovation to cut co...

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