Meridian Energy Limited's August 2022 operating report shows record inflows, increased hydro storage, higher electricity demand and increased retail sales compared to the same month last year.
With variable rainfall, temperatures above average across the country, and high demand from the New Zealand Aluminium Smelter, Meridian experienced a successful month.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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