Mercury - Latest News [Page 1]

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 >>

FY2017 EBITDAF guidance raised to $510 million

Thursday, 20 April 2017, 9:35 am | Mercury

20 April 2017 – Mercury announced today that it has raised its FY2017 EBITDAF guidance by $10 million to $510 million. This is due to a forecast 250 GWh increase in full year hydro generation to 4,500 GWh resulting from unseasonably strong inflows ... More >>

Mercury to showcase world-leading solar technologies

Monday, 3 October 2016, 9:49 am | Mercury

Mercury today announced the start of construction of a Research and Development Centre in Auckland to showcase world-leading solar, battery storage and other energy technologies that have the potential to unlock new value and choice for Kiwi consumers and businesses. More >>

Mike Allen to step down from Mercury Board

Monday, 29 August 2016, 10:38 am | Mercury

Mike Allen to step down from Mercury Board 26 August 2016 – Mercury director Mike Allen has advised that he will step down from the company’s Board on 3 November 2016, after seven years’ service. More >>

Mercury EBITDAF up 2.3% to $493m on renewables advantage

Tuesday, 23 August 2016, 11:55 am | Mercury

Mercury has reported a 2.3% lift in operating earnings (EBITDAF) to $493 million for FY2016, the first financial results reported under the company’s new brand. More >>

Mercury inspired by new energy future

Friday, 29 July 2016, 10:35 am | Mercury

Mercury’s chief executive Fraser Whineray says the change signals a new era of benefits for Kiwi consumers and the country from renewable energy and rapid advances in technology. More >>