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Meridian Energy
Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015. Meridian was one of three electricity companies formed from the break-up of the Electricity Corporation of New Zealand (ECNZ) in 1998–99, taking over the Waitaki River and the Manapouri hydro schemes. Originally a state-owned enterprise wholly owned by the New Zealand Government, the company was partially privatised in October 2013 by the Fifth National Government, with the government retaining a 51.02% shareholding. Today, Meridian operates seven hydroelectric power stations and one wind farm in the South Island of New Zealand, four wind farms in the North Island, and two wind farms in southern Australia – one in South Australia a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genesis Power
Genesis Energy Limited, formerly Genesis Power Limited is a New Zealand publicly listed electricity generation and electricity, natural gas and LPG retailing company. It was formed as part of the 1998–99 reform of the New Zealand electricity sector, taking its generation capacity from the breakup of the Electricity Corporation of New Zealand (ECNZ) and taking retail customers from three local power boards in the Lower North Island. The New Zealand Government owns a 51% share of the company. Genesis Energy is the largest electricity and natural gas retailer in New Zealand with 26% and 39% market share respectively in the 2015–2016 financial year. In 2015, Genesis produced 14% of New Zealand's electricity, and is the third largest electricity generating company in New Zealand in terms of MW capacity, GWh generation and revenue (see comparison table at New Zealand electricity market). History Genesis Energy began business on 1 April 1999, after the reform of the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge (finance)
A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, gambles, many types of over-the-counter and derivative products, and futures contracts. Public futures markets were established in the 19th century to allow transparent, standardized, and efficient hedging of agricultural commodity prices; they have since expanded to include futures contracts for hedging the values of energy, precious metals, foreign currency, and interest rate fluctuations. Etymology Hedging is the practice of taking a position in one market to offset and balance against the risk adopted by assuming a position in a contrary or opposing market or investment. The word hedge is from Old English ''hecg'', originally any fence, living or artificial. The first known use of the word ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TransAlta
TransAlta Corporation (formerly Calgary Power Company, Ltd.) is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta, Canada. It is a privately owned corporation and its shares are traded publicly. It operates 75 power plants in Canada, the United States, and Australia. TransAlta operates wind, hydro, natural gas, and coal power generation facilities. The company has been recognized for its leadership in sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index, and the Jantzi Social Index. TransAlta is Canada's largest investor-owned renewable energy provider. The company is not without controversy as the Alberta Utility Commission ruled in 2015 that TransAlta manipulated the price of electricity when it took outages at its Alberta coal-fired generating units in late 2010 and early 2011. History In 1909, TransAlta began the planning and construction of the Horseshoe Falls Hydro Plant in Seebe, Alberta. Two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Megawatt
The watt (symbol: W) is the unit of Power (physics), power or radiant flux in the International System of Units, International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantification (science), quantify the rate of Energy transformation, energy transfer. The watt is named after James Watt (1736–1819), an 18th-century Scottish people, Scottish invention, inventor, mechanical engineer, and chemist who improved the Newcomen steam engine, Newcomen engine with his own Watt steam engine, steam engine in 1776. Watt's invention was fundamental for the Industrial Revolution. Overview When an object's velocity is held constant at one metre per second against a constant opposing force of one Newton (unit), newton, the rate at which Work (physics), work is done is one watt. : \mathrm In terms of electromagnetism, one watt is the rate at which electrical work is performed when a current of one ampere (A) flows across an electrical potentia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orion New Zealand
Orion New Zealand Limited (Orion) is an electricity distribution company, based in Christchurch, New Zealand. The company was formed under its current name in December 1998. Orion is owned by Christchurch City Council (89.3%) and Selwyn District Council (10.7%). In 2013, Orion posted a $49m profit, with $32m in dividends going to the shareholding councils. Its last CEO was Roger Sutton, who resigned to become CEO of the Canterbury Earthquake Recovery Authority on 13 June 2011. Orion is responsible for electricity distribution in Christchurch and the Selwyn District, bounded to the north and south by the Waimakariri and Rakaia Rivers and to the east and west by the Southern Alps and the Pacific Ocean respectively. Within this region, it delivers 3,165 gigawatt-hours of electricity per year to 190,000 customers. History Prior to 1989, electricity distribution and retailing in Christchurch and Selwyn was the responsibility of four entities: the Christchurch City Council Municip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northpower
Northpower Limited (Northpower) is an electricity distribution company, based in Whangarei, New Zealand. Northpower owns and manages the electricity lines network in the Whangarei and Kaipara districts. The service area covers 5,700 km2 and extends from Topuni in the south, to Bland Bay in the north. In addition to the residential and commercial customers in the region, the network also serves the New Zealand Refinery, Golden Bay Cement and the Fonterra dairy plant at Kauri. Ownership The company is 100% owned by the Northpower Electric Power Trust on behalf of electricity consumers in the Whangarei and Kaipara districts. The Trust is governed by seven Trustees elected every three years at the same time as the local body elections. The Northpower Electric Power Trust (NEPT) Deed requires that options for the future ownership of shares in Northpower are reviewed every five years. The Trustees of the NEPT must consult with Northpower consumers to determine if the curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fifth National Government Of New Zealand
The Fifth National Government of New Zealand was the government of New Zealand for three parliamentary terms from 19 November 2008 to 26 October 2017. John Key served as National Leader and Prime Minister until December 2016, after which Bill English assumed the premiership until the National Government's defeat following the October 2017 government-forming negotiations. After the 2008 general election the National Party and its allies were able to form a government, taking over from Helen Clark's Fifth Labour Government. It was subsequently reformed after the 2011 general election with a reduced number of seats, and after the 2014 general election with a reduced share of the party vote but the same number of seats. The Government had confidence and supply agreements with the following parties: ACT, United Future, and the Māori Party – which gave the Government a majority on major legislation. The National Party also signed a memorandum of understanding with the Green P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-Owned Enterprises Of New Zealand
State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the ''State-Owned Enterprises Act 1986''. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises. Many other government-owned companies and statutory trading organisations are referred to informally as "state-owned enterprises" although they are not SOEs in the strictest sense. These are also listed here. Function The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown. The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case. Two Ministers of the Crown act as the shareholding ministers in the company. In the case of SOEs these are usually the Minister of State Owned Enterprises (see article for list) and the Minister resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
