"At this point we remain hopeful a positive decision will be made" - Binns
UPDATED: The stock rose 2.6 percent to $1.95
Investors can look forward to a further treat this year.
"Meridian understands the disappointment that the people of Northern Queensland will feel on learning of this decision"
Vector has been cleared to buy Meridian Energy's Arc Innovations metering business.
The Deloitte South Island Index suffers its first consecutive decline since it began in 2009.
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