GNE - Genesis Energy

[peat]

It also places a disproportionate burden on Winston's demographic, even with commensurate income tax reductions. That said, we have one of the most broad-base GST systems around and should use it, with carefully targeted income tax reductions.

It's too broad, get rid of necessities from GST then raise to 20% it ! A simple answer. I know its more difficult, so they say - but other places exclude bread, milk, veges, from GST so it cant be too hard.

Oh a soft downgrade today. I guess divvy will be maintained. Given it doesn't actually relate to profit.

[Beagle]

no comments today...breaks the ramp??

Its been very dry in the North Island and they are towards the lower end of guidance range.
Won't affect the dividend and doesn't change the medium term value of the company.

[boysy]

to highlight the point of how dry the NI hydro catchment currently is - past 4 weeks inflows the 3rd driest on record with storage sitting at the 1st %ile - polar opposite in the SI catchment with it being the 4th wettest on record and storage sitting at 95%ile

https://www.energylink.co.nz/sites/d...y_20190418.pdf

[freddagg]

to highlight the point of how dry the NI hydro catchment currently is - past 4 weeks inflows the 3rd driest on record with storage sitting at the 1st %ile - polar opposite in the SI catchment with it being the 4th wettest on record and storage sitting at 95%ile

https://www.energylink.co.nz/sites/d...y_20190418.pdf

Hope there are lots of coal shipments on the way or cold showers are looming for North Islanders

[boysy]

Well certainly won't be a fun time to be on flick or paying wholesale prices - saving grace is the southern hydro catchments are basically full - just hope it continues to rain in the south ....

[freddagg]

Well certainly won't be a fun time to be on flick or paying wholesale prices - saving grace is the southern hydro catchments are basically full - just hope it continues to rain in the south ....

Transmission line constraints between south and north may be the biggest problem.

[boysy]

Some interesting links re the HVDC transfers - transfer capability to 1200MW north and 850MW south.

https://www.transpower.co.nz/system-.../hvdc-transfer

https://www.transpower.co.nz/sites/d...20Capacity.pdf

[freddagg]

Some interesting links re the HVDC transfers - transfer capability to 1200MW north and 850MW south.

https://www.transpower.co.nz/system-.../hvdc-transfer

https://www.transpower.co.nz/sites/d...20Capacity.pdf

Thats a lot of power.
I divided it by the population of the North Island and came up with 7.8kWh per person per day. Almost enough for 2 showers a day.

[boysy]

One would think a fair bit of that power would be used for non residential purposes afterall, that being said shows huge power flows north

[Beagle]

MEL look to be best positioned...naturally I have some so am also well positioned lol
LPG powers my showers so I should be all good this winter.