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Genesis Energy

Genesis Energy returns to profit

Wellington, Aug 30 NZPA - State-owned Genesis Energy returned to profit in the 12 months to the end of June, after the previous year's loss when the company reduced the value of its coal and gas-fuelled generation plants at Huntly.

Generators complain after NZX freezes payments

Wellington, Aug 25 NZPA - Two electricity generators lodged formal complaints against the NZX after it froze multi-million dollar payments on the electricity trading market.

Genesis says higher hydro generation in fourth quarter

Genesis says higher hydro generation in fourth quarter
Wellington, Aug 5 NZPA - State-owned Genesis Energy said it experienced reduced demand due to mild early winter conditions and strong national hydro inflows in the quarter ended June 30.

Hydro re-jig worries salmon farmer in canals

Hydro re-jig worries salmon farmer in canals
By Kent Atkinson of NZPA Wellington, March 24 NZPA - Salmon farming in high country hydroelectricity canals may suffer collateral damage from the Government's re-allocation of electricity generation resources, one of the farmers said today.

Genesis Energy Lifts Half Year Net Profit To $64.6m

Wellington, Feb 24 NZPA - State-owned Genesis Energy lifted half year net profit to $64.6 million, compared to $48.9m a year earlier, even as it generated less electricity and prices fell.

Brownlee's Tekapo Giveaway `May Lead To Higher Prices'

Brownlee's Tekapo Giveaway `May Lead To Higher Prices'
Wellington, Dec 10 NZPA - Energy Minister Gerry Brownlee's proposed re-jig of the electricity sector may actually raise electricity prices and reduce the security of power supply, says a retailer in the sector.

Govt Set To Level The Playing Field In Electricity Generation

Govt Set To Level The Playing Field In Electricity Generation
Wellington, Dec 9 NZPA - The Government is set to ride roughshod over the jewel in its energy crown, Meridian Energy, by stripping it of two key hydro-electricity stations at the head of the Waitaki River, and handing them over to government-owned rival Genesis Energy.

Energy Companies Defend Smart Meters

Wellington, June 26 NZPA - As politicians and industry watchdogs warn about the potential for "smart" electricity meters to go wrong, energy companies are defending their use.

Govt Applauds 'Smart' Meters, But Will Wait 6 Months For Report

Govt Applauds 'Smart' Meters, But Will Wait 6 Months For Report
Wellington, June 25 NZPA - Energy Minister Gerry Brownlee says he will wait six months to see whether the Electricity Commission advises regulating for fully-enabled "smart" electricity meters or to just leave the choice up to electricity companies.

Rodney Council Approves Step Towards Gas Power Station

Rodney Council Approves Step Towards Gas Power Station
Wellington, March 27 NZPA - Rodney District Council has today approved the creation of a thermal energy generation rural zone between Helensville and Kaukapakapa.

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