Mixed fortunes for energy SOEs at half-year
17 Mar 2009
The energy SOE's produced mixed results for the half-year to December 31, 2008, reflecting a combination of high wholesale electricity prices, expanded generation portfolios, slumping export orders, and the variable impact of new international accounting standards on the bottom line.
The electricity SOEs - Meridian, Genesis, MightyRiverPower, the coal producer Solid Energy, and the national grid company, Transpower - all tabled their half-year results in Parliament last week.
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