Energy analysts suggest lumping together NZ's thermal generation into one company.
Cindy Kiro will replace the current governor-general, Patsy Reddy, in October, for a five-year term.
A lot of work has already gone into the scheme, with MBIE officials estimating a 12-month support could cost as much as $1.3 billion a year.
The decision to recycle billions of dollars from the ETS ends a long-running debate.
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