The slump comes after a run of seven consecutive positive quarters.
"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.
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