Trustpower’s split into a largely New Zealand-based utility and a largely Australia-based windfarm developer is certain to cost shareholders up to $90 million.
Huge fine in the offing. Power company expected to plead guilty.
Trustpower's plans to carve out its windfarms and renewable development pipeline into Tilt Renewables will give the new entity freedom to chase opportunities.
The increases in residential prices reflect the rebalancing of tariffs from commercial and industrial users and increases in transmission and distribution costs rather than increases in the cost of generation