2 July 2013
Contact Energy completes sale of gas metering business to Vector
Contact Energy advises that it has completed the sale of its gas metering business to Vector group company, Advanced Metering Assets ("AMA"), for NZ$59.9 million.
The deal, first announced on 25 October 2012, is part of an ongoing programme at Contact to focus on its core businesses.
Dennis Barnes, Contact's Chief Executive said that "we are pleased to have concluded this sale with Advance Metering Assets. AMA is a specialist provider of metering services, which will ensure that our gas customers will continue to receive a high quality service."
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.