Mighty River Power - Latest News [Page 1]

Shearer claims on power pricing misleading our customers

Wednesday, 20 August 2014, 4:12 pm | Mighty River Power

Claims by Labour Energy spokesperson, David Shearer, about rocketing power prices and “outrageous” profits are plainly incorrect and grossly misleading for New Zealand electricity consumers. Mighty River Power Chief Executive, Doug Heffernan, ... More >>

Annual Results and dividend above IPO financial forecasts

Wednesday, 20 August 2014, 8:59 am | Mighty River Power

Mighty River Power today reported FY2014 financial results above the Company’s IPO forecasts in a year marked by highly-competitive customer pricing and the worst hydro inflows into the Waikato River hydro catchment in the Company’s history. More >>

Mighty River Power: Quarterly Operational Update

Thursday, 24 July 2014, 10:05 am | Mighty River Power

Mighty River Power’s average energy price for sales to customers in the quarter to 30 June 2014 was down 4% on the prior comparable period (pcp), reflecting the highly competitive retail electricity market. More >>

Changes to Mighty River Power leadership team

Wednesday, 23 July 2014, 1:14 pm | Mighty River Power

Mighty River Power today announced a realignment of its leadership team under incoming Chief Executive Fraser Whineray from 1 September as the Company prepares for the next phase of its evolution. More >>

Global marketer Andrew Lark joins MRP Board

Thursday, 10 July 2014, 11:19 am | Mighty River Power

Mighty River Power today announced the appointment of experienced international marketer and digital innovator, Andrew Lark, to the Company’s Board. Mr Lark has more than 25 years’ experience leading global marketing functions in large international ... More >>

Mighty River Power completes successful Capital Bond offer

Wednesday, 9 July 2014, 5:38 pm | Mighty River Power

Mighty River Power has today confirmed, following the close of the Capital Bond offer yesterday, that $300 million of unsecured subordinated Capital Bonds will be issued with an initial interest rate of 6.90% per annum. More >>

Metrix partnership with Trustpower supports growth plans

Thursday, 3 July 2014, 1:26 pm | Mighty River Power

Metrix has today confirmed that it has completed commercial negotiations with Trustpower for a long-term service contract, including the deployment of smart meters to Trustpower’s 225,000 residential customers, starting during 2015. Metrix Chief Executive, Matthew ... More >>

Customers deserve clarity in pricing communications

Thursday, 26 June 2014, 12:05 pm | Mighty River Power

Mighty River Power today called for change that would allow greater simplicity in electricity pricing announcements for the benefit of customers. In response to yesterday’s report from the Electricity Authority into recent pricing communications by the industry, ... More >>

Successful completion of bookbuild for MRP Capital Bond offe

Tuesday, 17 June 2014, 5:32 pm | Mighty River Power

Mighty River Power today announced the successful completion of the bookbuild process for its Capital Bond offer and a minimum interest rate set at 6.80%. More >>

Mighty River Power confirms $250 million Capital Bond offer

Monday, 9 June 2014, 1:31 pm | Mighty River Power

Mighty River Power has today confirmed an offer to the New Zealand public of up to $250 million of unsecured subordinated Capital Bonds, with an option to accept up to an additional $50 million of oversubscriptions. More >>

Metrix confirmed as preferred metering partner for Trustpowe

Thursday, 5 June 2014, 9:12 am | Mighty River Power

Mighty River Power today welcomed an announcement confirming that the Company’s metering business, Metrix, had been selected by Trustpower as its preferred partner for the provision of nationwide metering services and the roll-out of ‘smart’ ... More >>

Mighty River Power considers capital bond offer

Tuesday, 27 May 2014, 3:40 pm | Mighty River Power

Mighty River Power announced today that it is considering making an offer to the New Zealand public of up to $250 million of unsecured subordinated capital bonds, including an option to accept an additional $50 million of oversubscriptions. Chief ... More >>

Metrix Chief Executive appointment

Tuesday, 13 May 2014, 5:20 pm | Mighty River Power

Mighty River Power today announced the appointment of Matthew Olde to the newly-created position of Chief Executive of the Company’s metering business, Metrix. More >>

S&P reaffirms Mighty River Power’s corporate credit rating

Friday, 9 May 2014, 9:18 am | Mighty River Power

Ratings agency Standard & Poor’s has confirmed Mighty River Power’s corporate credit rating as BBB+/Stable in a report based on the updated Global Ratings Criteria and Methodology. Mighty River Power CFO, William Meek, said it was pleasing to have ... More >>

Mighty River Power appoints Fraser Whineray as new CEO

Thursday, 1 May 2014, 9:38 am | Mighty River Power

Mighty River Power today announced that the Company’s current GM of Operations, Fraser Whineray, has been appointed Chief Executive and will take up the role on 1 September 2014. Mighty River Power Chair, Joan Withers, said Mr Whineray was a ... More >>

Mighty River Power: Quarterly Operational Update, March 2014

Thursday, 17 April 2014, 11:03 am | Mighty River Power

Mighty River Power’s geothermal production was its highest ever in the period at 682GWh, an increase of 179GWh (or 36%) on the prior comparable period (pcp) – making up 45% of Mighty River Power’s total generation. More >>

New technology reduces household power bills

Tuesday, 11 March 2014, 5:18 pm | Mighty River Power

Mighty River Power today confirmed that the most active users of the Company’s free Good Energy Monitor (GEM) service reduce their power consumption by more than 3% and save on their bills. More >>

Mighty River Power 2014 Interim Report

Thursday, 6 March 2014, 5:05 pm | Mighty River Power

Please find attached Mighty River Power’s 2014 Interim Report (for the six months ended 31 December 2013), which has been released today. More >>

MRP hits 1/2-year growth despite worst-ever hydro conditions

Wednesday, 26 February 2014, 9:18 am | Mighty River Power

Mighty River Power today released financial results for the six months ended 31 December 2013 – declaring an interim dividend of 5.2 cents per share, and reaffirming that the Company is on track to achieve its full-year 2014 outlook (IPO forecast). More >>

Mighty River Power Quarterly Update - Ended 31 Dec 2013

Thursday, 30 January 2014, 3:24 pm | Mighty River Power

Mighty River Power‘s average price received for its electricity sales was up just 0.6% in the three months to 31 December 2013 compared with the prior comparable period (pcp: three months to 31 Dec 2012). More >>

 

 

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