Latest Powerco News

Power cut to parts of Bay of Plenty

A major power outage is affecting large parts of the Bay of Plenty.

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Some homes in Taranaki and Whanganui are still without power (file)

Power customers still in dark after storm

About 150 customers are still without power more than a week after a storm hit Taranaki and Whanganui.

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Hundreds of people are still without power in south Taranaki (file pic)

Hundreds still without power

The number of customers without power more than a week after a storm in south Taranaki has been whittled down to 300.

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There are still 350 without power in South Taranaki and Whanganui (file pic)

Steady progress made in restoring power

About 350 customers remain without power as work continues to repair the battered electricity network in South Taranaki and Whanganui.

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More than 200 Powerco staff are involved in rebuilding the network, which suffered its worst ever damage during the storm

Power back in Patea by end of day

About 2000 Powerco customers remain without power following the weekend's storm, but power should be restored to Patea within hours.

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Powerco highlights regulation in interim report

Powerco Ltd attributed a 4.5 percent fall in its interim earnings before interest, tax, depreciation and amortisation.

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Powerco is cautiously optimistic about the future of regulation

Powerco cautiously optimistic on distribution rules

Electricity networks company Powerco is "cautiously optimistic" after the Commerce Commission published its decisions on prices and quality in the industry.

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Powerco full year net profit $8.1m

Electricity and gas distribution company Powerco has reported a full year net profit of $8.1 million, significantly affected by two non-cash adjustments.

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