“I hope they decide to stay”, said Key this morning.
Looks like National’s favourite pollster has told them the public have lost their appetite for corporate handouts. Too many stuff-ups by Steve has come home to roost.
A decision to keep the Tiwai Point aluminium smelter open appears increasingly likely.
Meridian Energy and MightyRiverPower shares gained 3 percent on Friday ahead of a scheduled announcement today on the future of the Bluff industrial plant that uses about 13 percent of all the electricity generated in New Zealand.
Meridian is presumed to be a winner from whatever is announced because it could expect to sell 572 Megawatts of electricity it currently provides to Tiwai Point at a price better than the discounted level it renegotiated in 2013. Read more »