Mercury - Latest News [Page 1]

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 >>

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 >>