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Mercury - Latest News [Page 1]
Mercury Confirms $220m Expansion Of Ngā Tamariki Geothermal Station
Tuesday, 19 September 2023, 3:35 pm | Mercury
The details · The expansion will cost $220m (excluding capitalised interest, geothermal drilling of ~$35m and sunk costs of $3m), part of the signalled total commitment of up to $1 billion investment in generation expected in FY24 by Mercury. · The ... More >>
Best Of Mercury And Trustpower To Come Together Under The Mercury Brand
Monday, 17 April 2023, 10:46 am | Mercury
17 April 2023 – This winter the Trustpower brand will transition to Mercury, bringing the best of both brands together for customers. This follows Mercury’s acquisition of Trustpower’s retail business in May 2022. Mercury General Manager Customer Operations, ... More >>
Mercury Partners With Hikotron On A Nationwide EV Charging Network
Friday, 22 July 2022, 3:04 pm | Mercury
Mercury is supporting Hamilton start-up Hikotron in its rollout of a New Zealand-made smart AC charging network for electric vehicles. Hikotron have rolled out several 7kW AC destination chargers throughout the Waikato region and are planning to expand ... More >>
Mercury’s Acquisition Of Trustpower’s Retail Business Now Unconditional; Completion Expected Today
Monday, 2 May 2022, 9:23 am | Mercury
2 May 2022 – Mercury NZ Limited’s acquisition of Trustpower Limited’s retail business for the final acquisition price of $467 million is now unconditional, with completion expected later today. The acquisition will double Mercury’s total customer ... More >>
Electricity Sector Investment On Track For 1.5 Degrees
Wednesday, 13 October 2021, 10:11 am | Mercury
Mercury has today said that current investment committed to new renewable generation until 2025 would bring emissions from the electricity sector to a level consistent with a 1.5-degree future. The consultation on the development of the Emissions Reduction ... More >>
Mercury Enters Into Binding Agreements To Acquire Trustpower’s Retail Business
Monday, 21 June 2021, 9:12 am | Mercury
21 June 2021 – Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million, payable in cash. The transaction ... More >>
FY2021 EBITDAF Guidance Revised To $460 Million
Wednesday, 9 June 2021, 9:25 am | Mercury
Mercury announced today that it has revised its FY2021 EBITDAF guidance from $520 million to $460 million. This reflects: a forecast 200 GWh decrease in full year hydro generation to 3,600 GWh due to continued dry weather in the Taupo catchment; ... More >>
‘At Risk’ Native Geckos Returned To Reserve
Wednesday, 7 April 2021, 4:10 pm | Mercury
A barking gecko. After Covid level changes last month postponed their freedom, rare and “at risk” native geckos resumed life in the wild today. Cared for in Wellington over the past 14 months, they were welcomed back home to the Tararua Ranges by Rangitāne, ... More >>
Urgency And Action Needed In Response To Climate Change Commission Draft Report, Says Mercury
Sunday, 31 January 2021, 4:35 pm | Mercury
The Climate Change Commission’s draft report on New Zealand’s carbon budgets has a clear message that decisiveness and action is needed if New Zealand is to meet emission reduction targets needed to secure a more sustainable future. Mercury encourages ... More >>
Mercury Quarterly Operational Update
Friday, 22 January 2021, 8:59 am | Mercury
Three months ended 31 December 2020 HYDRO GENERATION FLAT, LAKE TAUPO STORAGE LIFTED PRIOR TO SEASONALLY LOW INFLOW PERIOD Mercury's hydro generation for the quarter was flat versus the prior comparable period as Mercury lifted hydro storage leading ... More >>
Mercury Plans Multi-million-dollar Expansion Of EV Subscription Service
Wednesday, 16 December 2020, 9:09 am | Mercury
Julia Jack with Kane Bublitz with Mercurys latest shipment of EVs. Mercury will invest $6 million to turbo-charge its EV subscription service, aiming to add around 50 EVs a month to its fleet to lift its total EV subscription fleet to around 450 ... More >>
Mercury Sells Interest In Hudson Ranch 1
Wednesday, 4 November 2020, 3:16 pm | Mercury
Mercury has sold its interest in the Hudson Ranch 1 geothermal power station (HR1), located on the Salton Sea in California, to a subsidiary of Macquarie Infrastructure Partners V, a fund managed by Macquarie Infrastructure and Real Assets. Mercury acquired ... More >>
Mercury Quarterly Operational Update
Tuesday, 20 October 2020, 9:04 am | Mercury
Three months ended 30 September 2020 HYDRO GENERATION DOWN ON RECORD LOW 12-MONTH INFLOWS; GEOTHERMAL GENERATION STABLE Mercury's hydro generation in the first quarter of FY2021 was 142GWh below average1, decreasing by 170GWh to 1,044GWh. This reflected ... More >>
Mercury Quarterly Operational Update
Monday, 20 April 2020, 9:45 am | Mercury
Mercury's robust business continuity planning enabled a smooth transition to operating under the COVID-19 lockdown. The safety and wellbeing of our people continues to be a priority with almost all office-based staff now working from home. Work at the ... More >>
Mercury Suspends Non-essential Activities As Required By The Government’s COVID-19 Response
Wednesday, 25 March 2020, 12:56 pm | Mercury
Mercury, working with its contractors, will suspend construction work across its sites as required by the New Zealand Government’s COVID-19 directions. This includes the standing down of activity at its Turitea wind farm in the Manawatu for a period ... More >>
It’s Time To Kiss Oil Goodbye And Start A Healthier Relationship With Electric Transport
Friday, 14 February 2020, 10:22 am | Mercury
Valentine’s Day: it’s time to kiss oil goodbye and start a healthier relationship with electric transport, Mercury says. Mercury’s new brand campaign, announced today, calls on Kiwis to “kiss oil goodbye” and join the electric revolution. ... More >>
Prue Flacks to succeed Joan Withers as Mercury Chair
Wednesday, 3 July 2019, 9:24 am | Mercury
3 July 2019 – Mercury’s Board has appointed Prue Flacks to succeed Joan Withers as Chair when Mrs Withers stands down at the energy company’s Annual Shareholders’ Meeting in September. More >>
Mercury Quarterly Operational Update
Thursday, 18 April 2019, 9:19 am | Mercury
Three months ended 31 March 2019 Sustained dry hydrological conditions and thermal generation constraints led to record spot prices 18 April 2019 – Record spot prices were observed over the quarter as the market responded to limited thermal fuel and ... More >>
Mercury announces share buyback programme
Wednesday, 2 May 2018, 10:14 am | Mercury
Mercury has today announced that it will begin an on-market share buyback programme to purchase up to 20 million ordinary shares for an aggregate purchase price of up to $50 million. More >>
Mercury’s focus on loyalty paying dividends
Tuesday, 22 August 2017, 2:32 pm | Mercury
Summary Operating earnings (EBITDAF) $523 million, up 6% Net profit after tax $184 million, up 15% Final ordinary dividend 8.8 cents per share fully imputed to be paid on 29 September 2017 Special dividend 5.0 cents per share fully imputed to be paid ... More >>
