2011 News Archive

Mighty River Power Lodges Application
Mighty River Power today [Wednesday, 3 August 2011] lodged resource consent applications for a proposed wind development on the Puketoi Range, 40 km south of Dannevirke.

Nga Awa Purua Geothermal Sells Carbon Credits
The Nga Awa Purua Joint Venture, owned by the Tauhara North No. 2 Trust and Mighty River Power, has recently concluded the sale of 410,000 Emissions Reduction Units (ERUs) to Deutsche Bank AG for NZ$9.3m at NZ$22.78 per unit.

Further Lift In Earnings Guidance For FY2011
Mighty River Power today issued an improved earnings (EBITDAF) guidance of $435 million-$450 million. The Company previously announced an increased guidance in March this year from $391 million to $420 million-$435 million.

Multi-Year Contract Adds Portfolio Flexibility
Mighty River Power has confirmed a multi-year agreement with Genesis Energy to add further electricity portfolio flexibility and assist with managing the risk of low rainfall in the Waikato catchment.

Business Briefing: Investing In New-Generation Geothermal
Presentation to 10 June 2011 Business Briefing: Investing in new-generation geothermal by Mighty River Power Chair, Joan Withers, and Chief Executive Doug Heffernan.

Mighty River Power Continues Geothermal Growth
Mighty River Power today confirmed a further expansion of the Company’s generation portfolio in New Zealand, with a NZ$466 million geothermal plant north of Taupo.

UTS Ruling "Needs To Go Further"
Mighty River Power today reiterated its support for the Electricity Authority’s draft decision to declare an Undesirable Trading Situation (UTS) on March 26.

UTS Decision Shows Value Of Market Rules
Mighty River Power today welcomed the Electricity Authority’s draft decision to correct extreme wholesale electricity prices on 26 March, and to declare an Undesirable Trading Situation (UTS).

Mighty River Power Seeks Remedy On Abnormal Wholesale Prices
Mighty River Power seeks remedy on abnormal wholesale prices.