Contact Energy - CEN Chart

[Snoopy]

Probably helping SP same as MEL ............aluminum prices strong

At the end of year FY2020 result brokers briefing one analyst asked about negotiating with Tiwai. CEO Mike Fuge's response was that although they had put some money in the negotiating pot with Meridian, Contact was a passenger in the process. The exact words he used talked about being a 'contractor' to Meridian. So I don't think anyone inside Contact is on the negotiation hotline. This was before all the pre-election promises of NZ First, National and Labour on government involvement for a medium term more managed exit for Rio Tinto. When asked about a 2-4 year managed exit time frame that he had previously spoken about, Fuge said that time frame was the reality in terms of getting alternative uses for that power consented and built. IIRC Fuge also said that a five year exit plan would be better for NZ Inc.

SNOOPY