Tango you had to be on the Teleconference to ask questions, not on the webinar. Sorry I didn't your question until after it ended.
It was however talked about "pumped storage either in South Island or the North Island" i.e. maybe they think there are options, not just Lake Onslow.
Slides from Teleconference:
https://issuu.com/mercurynz/docs/mer...r=sMWQ4Mjk3MDI
$55M capital return from Tilt in July 2020
Potential for further de-industrialization e.g. NZ Steel/NZ Refining.
note: no mention of Tiwai as a potential, implying a done deal?
My notes I took:
Vince:
Company transitioned well as part of Covid-19, challenges regarding wind farm construction and drilling at geothermal's, all back up and running as per normal now.
Really Strong Result in Challenging conditions.
Utilize Waikato River as NZ's best peaking station -
he said this twice.
Judicious use of the Lake Taupo Battery.
In the post Tiwai world, we have to be careful that we (
assuming NZ inc.) don't end up a series of major investments to shift generation around that doesn't benefit the common user. (Answer to question from Jarden) -
Obvious benefits MCY for this to not happen or be delayed, so no surprise with this comment.
William:
"... as we deal with the exit of Tiwai" -
Even though William has a dulcet tone, that comment just rolled off his Tounge, to me that implies MCY think its a done deal.
Lake Taupo is only 600GWH storage which is quite small compared to some of the South Island Lakes.
8,000 Farm Source customer loss was a deliberate decision.
Electricity Market Supply/Balance back in place by FY25 (Answer to Question from Forsyth Barr)