Originally Posted by
Snoopy
Traderx, with the greatest of respect, I suggest that you have misinterpreted GNEs announcement today. The announcement was of the closing of Units 1 and 2 at Huntly in 2018. Genesis only kept those to fulfill the swap contract they have with Meridian Energy, a contract that will wind up around 2018. Unit 1 and Unit 2 are not used much any more because they are far less effficient that the much newer Unit 5. Unit 5, the main power generating plant at Huntly, at 400kW, is no minnow. You can hardly say that GNE will cease being a thermal generator of scale!
Genesis will keep Unit 5 at Huntly going as the downstream match for their contracted Kupe gas reserves.
SNOOPY