Latest fromElectricity

Power restored to most of Timaru
Power is back on in most areas of Timaru after a major blackout when a substation caught fire this morning.

Contact, TrustPower warned over bid-rigging attempt
Contact Energy and TrustPower have been given formal warnings over a 2002 bid-rigging attempt during negotiations over buying a power station.

Substation fire causes power cut
A fire at a Timaru power substation has caused a city-wide power outage.

Cut cable silences Remuera phones
Around 750 homes in Remuera were left without landline phones.

Clean dream - a U.S energy transformation
Barack Obama has a vision of a fundamental US energy makeover, moving from fossil fuels such as coal and oil to renewable sources including solar and wind.

Transpower eyes $200m bond issue in early 2010
Transpower is contemplating a domestic bond issue of around $200m early next year as it gears up for $5 billion of capital expenditure on national grid upgrades over the next decade.

TrustPower claims interim profit of $82.4m
TrustPower has reported a 23 per cent rise in interim profit on a 13 per cent fall in operating revenue.

Vector expects 'tough conditions'
Vector chairman chairman Michael Stiassny says operating conditions will be tough this financial year.

Contact brushes off farmer's attack
Contact Energy has brushed off an attack on "disgraceful" behaviour over its planned Waikato wind farm plan.

Contact coy over profit guidance
Contact Energy avoided providing profit guidance for this financial year at its annual meeting in Wellington today.

TrustPower fined for misleading customer advice
Electricity company TrustPower has been fined $17,000 for failing to give customers adequate information about low user tariff options.