US bank troubles could leave Transpower exposed
14 Apr 2009

Transpower’s exposure to troubled US bank Wachovia remains shrouded in a tangled skein of hedging devices and counter party vulnerability - the techniques which have brought about the nationalisation of banking in the US and the Britain.
Wachovia bought the South Island grid in 2003 and leased it back to Transpower.
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Story copyright © Carbon News 2009