USX:MGHTF - Mercury NZ Ltd MERCURY NZ LTD
Sector: Utilities, Industry: Renewable Electricity
Next Earnings: 19 Aug 2024
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USD 4.14    +0.0 (+0%)

15 Mar 2024


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General

CEO: Mr. Vincent John James Hawksworth C.ENG, MBA, MIMinE

Headquarters: US

Employees: 1,335

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Description

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.

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