Mercury NZ
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Mercury NZ
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. In August 2021, Mercury acquired five operating wind farms and several wind farm development options from Tilt Renewables. At the same time, the first power from the newly built wind farm at Turitea was generated – adding to the existing portfolio of nine hydro stations on the Waikato River and five geothermal plants located in the central North Island. In the year ended June 2021, Mercury had generated 3,611GWh of electricity through hydro generation and 2,594GWh through geothermal generation. In May 2022, Mercury acquired the retail business of Trustpower, including the retail customer base and Trustpower brand. The generation business of Trustpower changed its name to Manawa Energy Limited. In June 2022, Mercury launched fibre broadband as a retail product t ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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