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1 Jan 2026 14:02
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      Home > News > Business

    Major electricity companies are taking a big step today, towards protecting national energy security

    Major electricity companies are taking a big step today, towards protecting national energy security


    Under agreements made by Genesis with Mercury, Meridian and Contact - an emergency coal reserve is being established at Huntly Power Station.

    The Commerce Commission approved the deals in November.

    Genesis Chief Executive Malcolm Johns says they allow the company to make significant needed investment - to keep all generation units operating.

    He says units that were going into retirement will now be around for another decade.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     01 Jan: Hopes the new vocational education model kicking in from today will put industry in the driver's seat
     01 Jan: New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station
     31 Dec: A gang of thieves has made off with tens of millions of euros - after drilling into a German bank vault in a daring holiday heist
     31 Dec: Recognition for the lawyer behind class action against two major banks
     31 Dec: One of the country's newest knights says philanthropy gives him purpose
     31 Dec: Human-operated Tokyo robot venture allows housebound people to work
     31 Dec: The operators issuing fake corporate licences in the name of a tiny African island
     Top Stories

    RUGBY RUGBY
    Former England prop Dan Cole is ending an 18-year association with rugby's Leicester Tigers More...

    BUSINESS BUSINESS
    Major electricity companies are taking a big step today, towards protecting national energy security More...


     Today's News

    		 Cricket:
    Australia have named pacemen Pat Cummins and Josh Hazlewood in their squad for the Twenty20 World Cup next month despite injury concerns 13:47

     International:
    Queen Camilla recalls being 'furious' after being indecently assaulted by a man on the train as a teenager 13:37

     Politics:
    The government's calling for transparency in the wake of a cyber security breach - that could put patients' medical data at risk 13:37

     Accident and Emergency:
    Five people have been injured after a three-vehicle crash east of Queenstown 13:27

     Soccer:
    A chance for Auckland FC to exact revenge in this afternoon's A-League contest against the Newcastle Jets at Mt Smart 13:17

     Entertainment:
    If you get lost in the bush, can you really survive by drinking your own pee? 13:07

     International:
    Republican Lauren Boebert suggests Donald Trump veto could be Epstein files 'retribution' 13:07

     Rugby:
    Former England prop Dan Cole is ending an 18-year association with rugby's Leicester Tigers 13:07

     Law and Order:
    Frontline emergency service personnel have been facing abuse during New Year's Eve celebrations around the country 12:27

     Rugby:
    The countdown has just ramped up to the Milan-Cortina Winter Olympics with the ticking over of the new year 12:26

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