Tag Archives: Labour-Greens Electricity Scheme

Wellington institutional broking firm Woodward Partners ranks the risks to MightyRiverPower of the Labour and Green parties’ new electricity policy as moderate, and far lower than many other risks the company faces. A research report from Woodward analyst Nick Lewis ranks the Labour-Greens policy 10th in a list of 16 risks faced by the state-owned power company, 49 percent of …

Investors in New Zealand power company bonds say they’re unfazed by a proposal from the Labour and Greens parties to restructure the electricity market, which may lift the risk premium they demand to hold the debt. Infratil today re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased …

Infratil, the Wellington-based investor, has re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased regulatory risk posed by the Labour and Green parties’ plans to overhaul the energy market. The firm suspended its offer last Wednesday to allow a re-write of its investment statement and prospectus after …

Infratil, the Wellington-based investment group managed by Morrison & Co, says its sale of up to $100 million of June 2022 bonds won’t open as planned today because it needs to amend the prospectus for the Labour Party-Greens power plan. “Although the prospectus discloses changes in the regulatory environment as one of the principal risks of an investment in infrastructure …

MightyRiverPower expects it would take at least four years for the Labour and Green party electricity policies to be enacted. With more than a year until the next scheduled election, that could make the promised power price cuts as much as five years away. The MRP estimate is based on the parties’ own statements about the complex process such change …

The Labour and Green parties’ new electricity policy has struck a new political blow, forcing the government to suspend the MightyRiverPower float overnight while it updates the offer document to would-be shareholders. The update also triggers a five day window for investors who’ve registered for shares in the partial privatisation of the state-owned electricity company to withdraw their commitment. The …

The government has been forced to amend the offer documents for the partial sale of MightyRiverPower to take into account the risk of a Labour-Greens coalition winning the next election and enacting its proposal to slash the price of electricity. The offer has been temporarily suspended pending the filing of a supplementary disclosure, Finance Minister Bill English and State Owned …