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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, and four wind farms in the North Island. History Meridian originated from the break-up of the E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), 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 so 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 Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporatization
Corporatization is the process of transforming and restructuring state assets, government agencies, public organizations, or municipal organizations into corporations. It involves the adoption and application of business management practices and the separation of ownership from management through the creation of a joint-stock or shareholding structure for the organization. The result of corporatization is the creation of state-owned corporations (or corporations at other government levels, such as municipally owned corporations) where the government retains a majority ownership of the corporation's stock. Corporatization is undertaken to improve efficiency of an organization, to commercialize its operations, to introduce corporate and business management techniques to public functions, or as a precursor to partial or full privatization. History The move towards neoliberal economic reform and New Public Management public service reform in the 1980s led to privatization of pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TrustPower
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 energy, renewable. Mercury has a pre-paid electricity product sub-brand GLOBUG. Mercury Energy is also the largest electricity retailer in New Zealand. Mercury generates most of its energy from nine hydro stations on the Waikato River and five geothermal plants in the central north island as well as a number of wind farms. , Mercury had generated 3,611 GWh of electricity through hydro generation and 2,594 GWh through geothermal generation. Mercury also service industrial and wholesale market customers offering electricity and natural gas products. Since 2022 it has also offered internet fibre broadband services as a bundle for its residential electricity customers. Mercury has offices in Auckland, Tauranga, Hamilton, Rotorua, Palmerston North, Wellington and Oam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vertical Integration
In microeconomics, management and international political economy, vertical integration, also referred to as vertical consolidation, is an arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different Product (business), product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge complex began making much of its own steel rather than buying it from suppliers). Vertical integration can be desirable because it secures supplies needed by the firm to produce its product and the market needed to sell the product, but it can become undesirable wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electricity retailers. The electric power industry began in the late 19th century in the United States and United Kingdom. Throughout the 20th century, and up to the present, there have been deep changes in the economic management of electricity. Changes have occurred across different regions and countries, for many reasons, ranging from technological advances (on supply and demand sides) to politics and ideology. Around the turn of the 21st century, several countries restructured their electric power industries, replacing the vertically integrated and tightly regulated "traditional" electricity market with market mechanisms for electricity generation, transmission, distribution, and retailing. The traditional and competitive market app ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge (finance)
A hedge is an investment Position (finance), 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 policy, insurance, forward contracts, swap (finance), swaps, option (finance), options, gambles, many types of Over-the-counter (finance), over-the-counter and Derivative (finance), 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 derivative, 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 o ... [...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 76 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. TransAlta operated Canada's largest surface strip coal mine from 1970 until 2021 through its subsidiary company Sunhills Mining. The 12,600-hectare mine produced 13 million tonnes of thermal grade coal a year. The company announced that it would decommission the Highvale mine by 2021. On November 2, 2023, it was announced that TransAlta bought Heart ... [...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 (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantification (science), quantify the rate of Work (physics), energy transfer. The watt is named in honor of James Watt (1736–1819), an 18th-century Scottish people, Scottish inventor, mechanical engineer, and chemist who improved the Newcomen engine with his own Watt steam engine, steam engine in 1776, which became fundamental for the Industrial Revolution. Overview When an object's velocity is held constant at one meter 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 potential difference of one volt (V), meaning the watt is equivalent to the vo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orion New Zealand
Orion New Zealand Limited (Orion) is an electric power distribution, 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, 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 River, Waimakariri and Rakaia Rivers and to the east and west by the Southern Alps (New Zealand), 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 Christchu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northpower
Northpower Limited (Northpower) is an electricity distribution company, based in Whangārei, New Zealand. Northpower owns and manages the electricity lines network in the Whangārei 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 cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
