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Powerco - Latest News [Page 4]
Powerco challenges regulatory direction and costs
Friday, 18 July 2003, 3:25 pm | Powerco
Powerco Chairman Barry Upson today expressed concern about policies in the areas of regulation and infrastructure investment. More >>
Storm Causes Multiple Outages
Monday, 7 July 2003, 8:54 am | Powerco
Today’s storm has ripped through the North Island, causing numerous power outages on Powerco’s networks in the Wairarapa, Wanganui and Taranaki. More >>
Storm Causes Multiple Outages In North Island
Saturday, 5 July 2003, 4:27 pm | Powerco
Today’s storm has ripped through the North Island, causing numerous power outages on Powerco’s networks in the Wairarapa, Wanganui and Taranaki. More >>
Powerco Welcomes Greenlight For Generation
Tuesday, 20 May 2003, 5:10 pm | Powerco
New Zealand’s second largest electricity lines company and largest gas pipes company, Powerco, welcomed today’s Government announcement which will allow the lines sector to invest in generation. More >>
Powerco Signs Major Tasmanian Gas Network Contract
Wednesday, 30 April 2003, 5:21 pm | Powerco
Leading New Zealand gas and electricity network company, Powerco, and the State Government of Tasmania, today signed a development agreement, which provides Powerco with the approval to distribute natural gas to Tasmania’s major industrial and commercial ... More >>
Powerco Achieves Forecast
Tuesday, 22 April 2003, 4:26 pm | Powerco
Leading New Zealand electricity and gas distribution company Powerco, has recorded a strong audited annual result, posting a profit after tax of $38.1 million for the 12 months to 31 March 2003, from total revenue of $229.3 million. This profit is ... More >>
Powerco Welcomes Commerce Commission Decision
Tuesday, 1 April 2003, 6:20 pm | Powerco
Powerco today welcomed the Commerce Commission’s announcement of its plans to delay decisions on price control thresholds for electricity lines businesses. More >>
Commerce Com proposals endanger infrastructure
Thursday, 27 February 2003, 5:22 pm | Powerco
Implementation of the latest proposals from the Commerce Commission for the regulation of the electricity lines sector will jeopardise the industry’s ability to invest in and maintain the lines infrastructure, according to Powerco Chief Executive, Steven ... More >>
Powerco Completes Integration Of United Networks
Tuesday, 11 February 2003, 6:01 am | Powerco
Powerco has completed the integration of the electricity and gas network assets it purchased from United Networks Ltd (UNL) last year on time, under forecast and without disruption to customers. More >>
Powerco Village offers Masters respite
Saturday, 1 February 2003, 10:30 am | Powerco
More than 7,500 participants from all around New Zealand competing in this year’s New Zealand Masters Games will be able to take a welcome break from their exertions in the Powerco Games Village situated in Springfield Park in Wanganui. More >>
Powerco Integration Progress
Friday, 6 December 2002, 2:55 pm | Powerco
The integration of the former UnitedNetworks assets into Powerco’s business is well underway following the first month of integration activity. More >>
Powerco / Unl Integration Delivers Results
Friday, 22 November 2002, 12:18 am | Powerco
Powerco’s purchase of UNL assets, and the equity raising process that has accompanied it, has given the company the size and the liquidity to allow it to enter the New Zealand Stock Exchange’s top forty listed companies. More >>
Coromandel And Whitianga Planned Outages
Friday, 15 November 2002, 4:49 pm | Powerco
The electricity shutdown planned for this Sunday morning, 17 November, in the Coromandel and Whitianga townships and surrounding areas will go ahead as scheduled. The shutdown will affect around 7000 consumers between 9:00am and 3:00pm. Other areas of the Coromandel ... More >>
No Surprises In Gas Pipeline Pricing Inquiry
Thursday, 7 November 2002, 9:14 am | Powerco
The announcement of a Commerce Commission inquiry into gas pipeline pricing should come as no surprise to the industry, Powerco Chief Executive Steven Boulton said. More >>
Powerco completes “Jumbo” offer
Friday, 18 October 2002, 10:25 am | Powerco
On 15 October 2002, Powerco announced a Priority Entitlement Offer to raise $150 million. The Priority Entitlement Offer is structured in two parts: the Institutional Offer; and the Retail Offer. More >>
Powerco Announces Special Meeting of Shareholders
Monday, 14 October 2002, 4:11 pm | Powerco
Dynamic electricity and gas distribution company, Powerco, has called a special meeting in which its shareholders will be asked to vote on the purchase of assets from UnitedNetworks Limited and the debt funding arrangements required for the $810 million purchase. More >>
Powerco achieves strong half year result
Friday, 11 October 2002, 7:01 pm | Powerco
Powerco, the dynamic company in the electricity and gas distribution sector, has recorded a strong half-year result, posting an unaudited post tax profit of $18.75 million for the six months to 30 September, up 6.5% on the comparable result for ... More >>
Cautious Welcome For Valuation Review
Wednesday, 2 October 2002, 5:28 pm | Powerco
Powerco, today welcomed some aspects of the Commerce Commission’s approach to electricity lines business valuation, as outlined in a Discussion Paper released by the Commission this morning. More >>
Powerco set to double its size
Tuesday, 10 September 2002, 11:21 am | Powerco
Powerco Chairman Barry Upson was pleased to announce today that Powerco Limited has signed an agreement to acquire certain Thames Valley and Bay of Plenty electricity assets and lower North Island gas assets of United Networks Limited (UNL). More >>
Build Regulatory Regime To Suit NZ Circumstances
Wednesday, 24 July 2002, 1:42 pm | Powerco
In Powerco’s presentation today to the Commerce Commission hearings on price control for electricity lines businesses, it urged the Commission to focus on delivering a regulatory regime best suited for the particular circumstances in New Zealand. More >>
