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Current power prices ‘unsustainable’ says Mercury CFO

Power company wary of long-term effects on dividends and gearing.

Mercury’s Turitea North wind farm near Palmerston North.

Tim Hunter Tue, 16 Aug 2022

Mercury Energy has signalled a cautious approach to future dividend payouts, saying earnings could ultimately be affected by a slide in power prices.

During a presentation for analysts after Mercury announced its full-year result this morning, Forsyth Barr analyst Andrew Harvey-Green asked whether

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Tim Hunter Tue, 16 Aug 2022
Contact the Writer: thunter@nbr.co.nz
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Current power prices ‘unsustainable’ says Mercury CFO
Investment,
95317
true