Enough coal stockpiled to run Huntly until it closes down.
Binns says his company has been surprised at the timing.
NBR reporter Jenny Ruth talks about Meridian's result on NBR Radio and on demand on MyNBR Radio.
"We've been disappointed by the approach taken by the Abbott government to the review of the Renewable Energy Target", said Meridian Energy boss Mark Binns.
The smelter deal is a one-way obligation, Meridian boss says – and that will shape the whole electricity industry in some interesting ways | PLUS: does Huntly closure leave NZ with enough reserve power?
Will there be a Tesla battery in every home, and will it send the electricity industry as we know it into a death spiral? The chief executive of NZ's second-largest listed company answers your questions on NBR Radio and on-demand on MyNBR Radio.