Buffett makes a bid for power - that's our power
10 Oct 2008
American billionaire-investor Warren Buffett, through holdings in the Wells Fargo Bank, is on the verge of assuming beneficial control of Transpower’s South Island high-voltage electricity grid.
Troubled Wachovia Bank underpinned ownership when, in a package of cross-border lease deals, it assumed beneficial ownership of the grid several years ago.
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Story copyright © Carbon News 2008
Surge of lobbying over electricity sector review
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Jostling and lobbying have intensified ahead of the release of a review into the electricity sector.
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Public distrust over electricity sector
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A poll found that nearly half of New Zealanders feel more concerned about their power bill than last year and believe breaking up the electricity gentailers could improve competition.
Flick flicked on
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There is a certain irony that one of the most vocal and public critics of the gentailers and the electricity market – Flick Electric – has been taken over by the largest gentailer – Meridian Energy.
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The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
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