Contact notes EA’s preliminary view on UTS claim
30 June 2020
Media release
Contact notes EA’s preliminary view on UTS
claim
Contact Energy (“Contact”) notes the Electricity Authority’s preliminary view that an
undesirable trading situation may have existed in the wholesale electricity market from 3
December 2019 to 18 December 2019.
Contact’s Chief Generation and Development Officer James Kilty said: “At the time there
was more water than we could use for generation, given the Clutha River was in significant
flood. Our focus in extreme flood events is always to operate the Clutha system to ensure
the safety of communities downstream, our people and assets, and to manage our resource
consent obligations. We have always disagreed with the allegations and we were surprised
at the claim when it emerged in December.”
Mr Kilty said Contact would be fully engaging in the Electricity Authority’s consultation
period, following the release of today’s preliminary view. “There is a long way to go in terms
of the process.”
-ends-
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Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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- MEL — Meridian Energy Limited: Meridian Energy Limited 2020 Full Year Financial Results2020-08-25
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