Sounds great.
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Roger - getting rid of Shipley might be good, ex Politicians on boards not usually good - think TTK (Sowry), PGG (Ruth Richardson), Lombard (Graham, Jefferies) and the list is probably bigger than my memory!
The future for electricity in this country is not thermal but local generation. Read articles from overseas about new technology.
The future is uncertain and hydro is so cheap that it will remain the dominant form of generation for decades followed by geothermal.
Local generation is unlikely to beat the cost-effectiveness of our present generation and distribution to affect the sp of genesis for a very long-time.
Increased electricity charges of recent have not been the result of generation but that of lines companies and transpower upgrades
Thermal peaking stations are here to stay and plentiful gas will fuel it.
There has been major problems with local generation overseas- redundancy,not producing power when needed,big subsidies etc.
Yep, all the broker DCF models had Kupe running out of gas, (IIRC about 12 years from now ?), and dividend's reducing because of that. Now it appears gas reserves could be dramatically more plentiful, (read extremly durable long term supply) than previously thought. I think this is exceptionally good news for GEN.
Yep guys I'm no fan of ex pollies on boards or to senior management positions...almost invariably they're "soft appointments" and bring little genuine business acumen to the table.
Is Jenny up for Re-election in October at the AGM?