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Meridian Energy Ltd (Meridian)
Meridian is a generator, wholesaler and retailer of electricity. Its core assets are the hydroelectric generation assets at Manapouri and on the Waitaki River. It generates about 25% of New Zealand’s electricity and has around 65% of New Zealand’s total hydro storage. Meridian supplies power to the Bluff aluminium smelter.
Website: www.meridianenergy.co.nz (opens in a new window)
2007/10 Statement of Corporate Intent (.pdf, 76kB)
Key Company Data
| Company Form |
State-owned enterprise
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| Year of Establishment |
1999
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| Head Office |
Wellington
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| Chair (term expiry) |
Wayne Boyd (April 2011) |
| Deputy Chair |
Ray Watson (April 2011) |
| Board Membership |
Anne Blackburn (April 2010)
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Catherine Drayton (April 2009) |
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Polly Schaverien (October 2010) |
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David Shand (April 2009) |
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Anne Urlwin (October 2010) |
| CEO |
Tim Lusk |
| Balance Date |
30 June
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| Number of FTE Staff |
637
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Key Financial Data
($ million) |
2002/03 |
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2004/05 |
2005/06 |
2006/07 |
| Financial Performance |
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| Total Operating Revenue |
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1,308.0 |
1,656.1 |
2,222.8 |
1,775.1 |
| Net Profit After Tax |
109.3 |
132.9 |
218.2 |
856.8 |
199.8 |
| Financial Position |
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| Total Assets |
4,020.7 |
4,145.7 |
4,348.6 |
5,339.3 |
6,667.6 |
| Equity |
2,299.8 |
2,401.8 |
2,469.1 |
4,237.4 |
5,542.1 |
Financial data and staff member information correct as at 30 June 2007. All other information correct as at
1 May 2008.
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