Tag Archives: Meridian Energy

Meridian Energy will watch first for closure by fossil fuel-fired power stations before making any decision on how it responds if the Rio Tinto, majority owner of the Tiwai Point aluminium smelter, exercises its option to terminate its contract on July 1 next year, Meridian’s chief executive, Mark Binns, told shareholders at the company’s first annual meeting since listing on the …

Meridian Energy has had to give up previously negotiated price increases and the government has chipped in with a $30 million “incentive payment” to keep the Tiwai Point aluminium smelter open until at least January 2017. Meridian chief executive Mark Binns announced the deal in a statement to the NZX, saying the renegotiated contract would “see a reduction in the …

MightyRiverPower and Meridian Energy’s utility-style earnings and regulatory risk mean they fail the investment criteria for Fisher Funds’ managed Kingfish, according to the NZX-listed equity investor’s quarterly newsletter. Kingfish didn’t participate in the government’s selldown of MightyRiverPower, whose shares are trading below the $2.50 sale price “and is unlikely to participate in the pending float of Meridian,” according to the …