Quote Originally Posted by mouse View Post
Meanwhile, MRP has just touched $2.23. Why all the interest in Meridian when MRP could well be a better, and cheaper, buy?
MRP does generate 30% of NZ electricity, but Manipouri, and Twizel power has to be sold at a discount to the normal price. Due to transmission losses.
Further, if NZ First buys back all generators we stand to make a decent profit from them on MRP at $2.50 a share.
A further minor point about the difference between MRP and Meridian is that Meridian has a large canal system, with its associated infrastructure, to maintain. MRP just uses the Waikato river. I do not know what effect that has on the bottom line of the two companies.