Mighty River Power Ltd (Mighty River Power)
Mighty River Power was formed in 1999 following the break-up of Electricity Corporation of New Zealand Ltd. It is New Zealand’s third-largest generator, in terms of value of total assets, with a capacity to supply 15% of New Zealand’s annual load requirements and, over short periods, 22%
of peak demand. Its retail brand, Mercury Energy, supplies over
300,000 retail customers.
Website: www.mightyriverpower.co.nz (opens in a new window)
2009/11 Statement of Corporate Intent
(.pdf, 612kB)
Key Company Data
| Company Form |
State-owned enterprise
|
| Year of Establishment |
1999
|
| Head Office |
Auckland
|
| Chair (term expiry) |
Carole Durbin (October 2009)
|
|
Deputy Chair |
John Baird (October 2009)
|
| Board Membership |
Diana Crossan (October 2010) |
| |
Dr Graham Hill (October 2010) |
| |
Trevor Janes (April 2011) |
| |
Sandy Maier (April 2010) |
| |
Neil Ranford (October 2009) |
| |
Sir Paul Reeves (October 2009) |
| |
Tania Simpson (October 2009) |
| Executive Director |
Dr Doug Heffernan
|
| Balance Date |
30 June
|
| Number of FTE Staff |
699
|
Key Financial Data
($ million) |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
|
| Financial Performance |
|
|
|
|
|
| Total Operating Revenue |
646.2 |
599.2 |
684.4 |
1,011.9 |
777.7 |
| Net Profit After Tax |
113.5 |
99.8 |
121.2 |
100.7 |
112.3 |
| Financial Position |
|
|
|
|
|
| Total Assets |
1,503.8 |
1,513.3 |
2,668.1 |
2,708.4 |
2,881.9 |
| Equity |
861.7 |
886.5 |
2,033.3 |
2,097.7 |
2,161.4 |
Financial data and staff member information correct as
at 30 June 2007. All other information correct as at 1 May 2008.
