Mighty River Power
Is the prepay power market working as it should?
More than 40,000 households around New Zealand are connected to prepay electricity meters provided by the three largest energy retailers. In its latest survey of electricity prices, Consumer NZ… Video, Audio
Mighty River may try to recover fraud money
Mighty River Power says it could take legal action to recover hundreds of thousands of dollars in costs after being defrauded by an ex-engineer.
Mighty River name to go
The name of the power company, Mighty River Power, will soon disappear. Audio
Engineer found guilty of $2m fraud may head to prison
The former Mighty River Power engineer found guilty today of a $2 million fraud has been told by a judge that he's likely to face prison. Reporter Edward Gay joins Checkpoint. Audio
Mighty River Power sees opportunity amid intense competition
The power company, Mighty River Power, is confident it can find growth even though its revised down its full-year profit forecast in the face of an intensely competitive marketplace. Audio
Mighty River delivers profit, but revenue and expectations fall
Power company, Mighty River Power, has delivered a nine-fold increase in first half net profit, but revenue and full year profit expectations are down amid intense competition. Audio
Mighty River delivers profit but revenue falls
Mighty River Power has delivered a nine-fold increase in first-half net profit, but revenue and full year profit expectations are down amid intense competition.
Crown accuses Mighty River Power engineer of $2.3 million
The Crown says a former Mighty River Power engineer hid behind the women in his life when he set up companies to bill his employer over $2 million. Our Auckland Court reporter Edward Gay has been… Audio
Profit taking as thousands sell power shares
Tens of thousands of investors in Mighty River Power, Genesis and Meridian Energy have sold their shares since the companies were privatised by the goverment over the past two years. Business… Audio
Mighty River Power says pricing risks to profit cuts both ways
The power company, Mighty River Power, is sticking with the profit guidance it gave in August, even though lower wholesale prices and tough retail competition are generating some downside risk. Audio
Mighty River says generation up 17 percent
Energy company Mighty River Power says above average hydro storage has helped drive total generation up by 17 percent, but wholesale prices have fallen.
Have asset sale funds gone where promised?
The government has been accused of spending asset sale proceeds on pet projects rather than schools and hospitals as promised.
Man sacked for $23k phone bill
A senior engineer at Mighty River Power got the shock of his life when he came back from a three week holiday overseas to find he'd racked up a 23 thousand dollar bill on his company phone. Audio
Mighty River sees huge drop in profits
Mighty River Power is considering raising its residential power prices after its full-year profit fell 78 percent to $47 million.
Mighty River Power profit hit by record low hydro generation
Mighty River Power's full year net profit has tumbled 78 percent, due to in part to record-low hydro generation, although strong cash flows means it's increasing its full year dividend payout by half.
…If they're so good, why haven't electric cars taken off yet?
Electric vehicles have long been touted as the answer to many environmental problems from the potential to make a serious dent in emissions which harm human health and warm the planet - to reducing… Audio
Mighty River to close Southdown power station
Mighty River Power says the closure of its gas-fired Southdown power station should be financially neutral. Audio
Mighty River sheds big customers
Mighty River has lowered the guidance on its underlying full year operating profit to between 480 and 500 million dollars. Audio
Craigs raises investment recommendation on Mighty River Power
An analyst has upgraded his investment recommendation on Mighty River Power from sell to hold. Audio
Mighty River Power expects most lines charges to rise
Mighty River Power is expecting the lines charges component of most of its customers' bills will rise this year, although actual outcomes could be anywhere from an 8 percent drop to an 8 percent… Audio