Trustpower flags write-down on generation assets as price expectations fall

Sun, 10 Feb 2019

By Paul McBeth Feb. 11 (BusinessDesk) - Trustpower says it might have to write down the value of its generation assets by as much as $170 million after revising its view on future electricity prices. A draft independent valuation indicates the Tauranga-based electricity retailer-generator will have to cut the value of its generation assets to $1.85-1.9 billion from about $2.02 billion from March 31, it said. The adjustment will largely be on the balance sheet, hitting the company's equity, but chief financial officer Kevin Palmer said...

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