UPDATE: Meridian, power company stocks up as smelter remains open

Sun, 02 Aug 2015

(Recasts to focus on market reaction) By Pattrick Smellie Aug. 3 (BusinessDesk) - Electricity company share prices rose on news that the Tiwai Point aluminium smelter will remain open and run at full capacity at least until the end of 2017, even though Meridian Energy remains the sole supplier after other power companies proved unwilling to make much more than token gestures to supply the smelter. Meridian shares led the charge, rising 6.4 percent to $2.395 on the NZX, with Contact Energy up 3 percent to $5.10, Genesis Energy up 3.5 pe...

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