Too boring for anyone to talk about? At least you have to love Grant from Jarden asking today what everyone else on the call was thinking about MCY's potential acquisition of TLT's NZ assets even after they said they will absolutely not talk about it as part of the presentation. Good on him for trying!
The Lake Taupo 'hydro-battery', which feeds all of Mercury's collective Waikato 1059MW of hydro-generation operates a little differently to other hydro-storage and generation systems.
This submission by Mercury is a repository of useful information for those interested in more detail as to how Lake Taupo is operated.
I don't think MCY will "go broke" over this issue but labelling it "green" is the fashionable thing to do, most MCY assets qualify, and it won't cost the company any more - or less!
I'm quite happy to see the company showing off their green credentials. If you'd prefer to invest in a company with some extra carbon emissions genesis is still in the business of burning finite resources for now.
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