Latest Electric Utilities News

Genesis Energy has issued over 152 million new ordinary shares through a Rights Offer and Dividend Reinvestment Plan, increasing its total shares by more than 13%. This move reflects the company's ongoing capital strategy and shareholder engagement.

Contact Energy's February 2026 report reveals rising electricity and gas sales, improved generation efficiency, and robust hydro storage, underpinning a stable financial outlook for FY26.

Meridian Energy’s February 2026 report reveals below-average hydro inflows but robust water storage and growing retail customer base, highlighting resilience amid weather challenges and market fluctuations.

Contact Energy has issued over 51 million new shares at NZD 8.75 each, representing a 5.17% increase in its ordinary shares, aiming to strengthen its shareholder base through a carefully structured placement.

Contact Energy has successfully completed a NZ$450 million placement as part of a NZ$525 million equity raise, supported by both existing and new international investors. The company now opens a NZ$75 million retail offer to eligible shareholders, marking a significant capital expansion.

Contact Energy Limited has reported a striking 43.9% increase in net profit for the half-year ending December 2025, even as revenue fell by 5.3%. The company’s acquisition of Manawa Energy Limited has boosted its net tangible assets, underpinning a healthy interim dividend.

Contact Energy's December 2025 report reveals stronger mass market sales and wholesale contracts alongside increased generation costs and ongoing renewable project developments.

Janus Electric Holdings will have its trading suspension lifted on 21 November 2025 following the release of its annual financial report, reopening the stock to market activity.

Contact Energy's October 2025 report reveals rising electricity and gas sales, improved netbacks, and reduced generation costs, supported by robust hydro storage and advancing renewable projects.

Meridian Energy's October 2025 report reveals exceptional hydro storage levels and a notable rise in electricity demand and retail sales, signaling robust operational performance amid shifting market dynamics.

Contact Energy's September 2025 report reveals a modest dip in sales volumes but improved netback prices and significantly lower generation costs, alongside robust hydro storage and advancing renewable projects.

Genesis Energy Limited has updated its dividend distribution details, confirming the NZD/AUD exchange rate for its interim dividend for the six months ending June 2025. The company also outlined terms for its Dividend Reinvestment Plan, including a 2.5% discount and new share issuance.