All-renewables Meridian calls for Genesis to keep coal-fired power station open
By Pattrick Smellie Nov. 6 (BusinessDesk) - All-renewables electricity generator Meridian Energy has initiated talks with rival Genesis Energy to preserve access to two ageing gas and coal-fired electricity plants at the Huntly power station, which Genesis intends to close nex...
Meridian defends special dividends over buybacks, promises review
By Pattrick Smellie Nov. 6 (BusinessDesk) - Meridian Energy will review its decision to return capital to shareholders as special dividends carrying no imputation credits after feedback from some shareholders who would prefer a share buyback scheme instead. Speaking at the...
Spark says 1Q results 'on plan', affirms annual guidance
By Pattrick Smellie Nov. 6 (BusinessDesk) - Spark New Zealand, the nation's biggest communications company, has confirmed earnings guidance and dividend expectations at its annual meeting in Auckland. Shareholders asked virtually no questions on any matters at the meeting,...
MRP flags Chilean geothermal costs, keeps guidance unchanged
By Pattrick Smellie Nov. 5 (BusinessDesk) - Electricity generator and retailer MightyRiverPower has signalled it may face additional costs associated with its Chilean geothermal assets, for which it has failed to find a buyer and may require spending on site remediation, chief...
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