MCY Mercury NZ ( MRP Mighty River Power)

[mouse]

Japanese call those people "ma lu da" means a piece of wood, sad isn't it?

It is a valuable piece of plant, which will be sold overseas for a song and probably dismantled with imported overseas labour. Under old-fashioned generation it would have been kept operational against a catastrophy, until it could not be kept working. Costs of keeping it going would have been absorbed by the rest of the generation system. But today there is less emphasis on a secure supply and more emphasis on profit.

[horus1]

Could not agree more with you . The generator/ retailers are rorting the system . Transmission and distribution charges are about 35% and regulated but the generator /retailers add on 16% as they pass them on. Nobody in the electricity Industry is allowed to talk otherwise the Electricity Authority will regulate them A threat.

[Master98]

Nobody in the electricity Industry is allowed to talk otherwise the Electricity Authority will regulate them A threat.

lol they must belong to Communist Party.

[PSE]

It is a valuable piece of plant, which will be sold overseas for a song and probably dismantled with imported overseas labour. Under old-fashioned generation it would have been kept operational against a catastrophy, until it could not be kept working. Costs of keeping it going would have been absorbed by the rest of the generation system. But today there is less emphasis on a secure supply and more emphasis on profit.

Sounds like someone who has worked in the industry and knows how inefficient it now is relative to the NZED and its predecessors. This plant wasn't that old, Todd are putting in brand new Gas Turbines of the same type into Taranaki (LM6000).
One of southdown's GTs was installed in 2007 according to Wikipedia, hardly a dinosaur compared to the likes of Manapouri or the 30% efficient Rankine units at Huntly.

[PSE]

lol they must belong to Communist Party.

No actually the electricity authority has an extreme right wing mandate to try to prop up/encourage competition in the electricity market. We never needed a trading function when the stations where run according to the merit order.
The right wing mandate is very similar to the communist politburo so I understand your confusion. A handful of grumpy old men in tall towers who think they know how everything should be run, what I don't understand is why we still listen to them.

[Traderx]

Sounds like someone who has worked in the industry and knows how inefficient it now is relative to the NZED and its predecessors. This plant wasn't that old, Todd are putting in brand new Gas Turbines of the same type into Taranaki (LM6000).
One of southdown's GTs was installed in 2007 according to Wikipedia, hardly a dinosaur compared to the likes of Manapouri or the 30% efficient Rankine units at Huntly.

What is right for MRP and Todd are quite different. The cost of operation in the two locations are quite diff, Southdown on the end of a long pipeline. Todd seeking a short for their long Gas position. Apples and oranges and all that. hydro assets never really are a dinosaur, Gravity tends to drive a turbine rather similarly as it did 10 or twenty years ago! Limited efficiency improvements available for hydro turbine. Thermal kit on the other hand has improved as has Geo etc.

[sb9]

Divvy in the bank today

[robbo24]

Divvy in the bank today

Same, lovin' it.

[Baa_Baa]

Not long now, May 13th (lucky for some), 1 for 25 bonus issue, a reward for 2 year anniversary IPO holders. Share price has taken a beating lately, though everything says well and truly oversold and looks like good buying now.
Attachment 7266

BAA

[777]

Anyone want to speculate as to how many bonus shares will be issued?

Any of the original IPO shares sold won't qualify and on a FIFO basis a lot of holders will dip out and probably don't realise that.