Generators cleared of collusion, may face ASIC inquiry - EA

Generators cleared of collusion, may face ASIC inquiry - EA

By Gavin Evans Feb. 28 (BusinessDesk) - The country’s major electricity generators have been cleared of tacit collusion during last year’s electricity price spikes but may yet be subject to investigation by the Australian Securities and Investments Commission. The Electrici...

Gavin Evans 27 Feb 2019
Genesis-Tilt relationship may extend beyond Waverley

Genesis-Tilt relationship may extend beyond Waverley

By Gavin Evans Feb. 28 (BusinessDesk) - Genesis Energy says it is “rapidly progressing” work on the Waverley wind farm with Tilt Renewables and is hoping to pursue other projects together. Chief financial officer Chris Jewell said the partners are hoping to be in a position...

Gavin Evans 27 Feb 2019
UPDATE2: Genesis earnings slip on reduced generation, raises forecast

UPDATE2: Genesis earnings slip on reduced generation, raises forecast

(Updates with comment on current tight gas supply from fifth paragraph, retail margin improvement to end.) By Gavin Evans Feb. 27 (BusinessDesk) - Genesis Energy has raised its full-year earnings forecast citing ongoing gas outages, dry conditions and uncertainty about the...

Gavin Evans 27 Feb 2019
UPDATE: Genesis 1H earnings slip on reduced generation; FY forecast raised

UPDATE: Genesis 1H earnings slip on reduced generation; FY forecast raised

(Updates with FY forecast from start, divisional earnings, impact of market-making) By Gavin Evans Feb. 27 (BusinessDesk) - Genesis Energy has raised its full-year earnings forecast citing ongoing gas outages, dry conditions and uncertainty about the availability of Contact...

Gavin Evans 26 Feb 2019