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Genesis Power Ltd (Genesis)
Genesis is a generator, wholesaler and retailer of energy. Its main assets are the Huntly power station (New Zealand’s largest) and the Tongariro and Waikaremoana power schemes.
With over 700.000 customers, Genesis is also New Zealand’s largest electricity and gas retailer.
Website: www.genesisenergy.co.nz (opens in a new window)
2008/09-2013 Statement of Corporate Intent
(.pdf, 217kB)
Key Company Data
| Company Form |
State-owned enterprise
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| Year of Establishment |
1998
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| Head Office |
Auckland
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| Chair (term expiry) |
Brian Corban (October 2009)
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| Deputy Chair |
Mike Williams (April 2009) |
| Board Membership |
Annabel Cotton (April 2010)
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Dr Nicki Crauford (October 2010)
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Barbara Elliston (April 2011) |
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Sara Lunam (April 2011) |
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Ian Kusabs (April 2010)
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Joanna Perry (April 2010) |
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John Stace (April 2009)
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| CEO |
Murray Jackson
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| Balance Date |
30 June
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| Number of FTE Staff |
444
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Key Financial Data
($ million) |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
| Financial Performance |
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| Total Operating Revenue |
1,430.1 |
1,386.6 |
1,493.6 |
1,986.7 |
1,773.7 |
| Net Profit After Tax |
61.1 |
80.1 |
70.2 |
83.7 |
61.3 |
| Financial Position |
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| Total Assets |
1,213.9 |
1,268.2 |
1,867.4 |
2,041.5 |
2,182.7 |
| Equity |
936.7 |
991.8 |
1,369.6 |
1,453.2 |
1,504.9 |
Financial data and staff member information correct as
at 30 June 2007. All other information correct as at 15 August 2008.
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