News Archive

Powerco gets Behind Earth Hour

Powerco gets Behind Earth Hour

Monday, 21 March 2011
Powerco is encouraging households and businesses to switch off their lights for an hour on Saturday in support of Earth Hour. More »

 

Acting Chief Executive Appointed to lead Powerco

Friday, 18 March 2011
Powerco Chairman Rick Bettle has announced the appointment of Nigel Barbour as Acting Chief Executive Officer to replace out-going Chief Executive Richard Krogh, who last year announced he was stepping down in 2011. More »

 

Construction begins on 110,000 volt Coromandel line

Construction begins on 110,000 volt Coromandel line

Friday, 11 March 2011
Work on a Powerco's 110,000 volt line between Kaimarama and Coroglen in the Coromandel Peninsula has commenced. More »

 

Cyclone Yasi a close reminder of what severe weather can do to electricity networks

Friday, 4 February 2011
More than 100,000 Queenslanders were left without power in the wake of tropical cyclone Yasi this week, a clear reminder of the havoc huge storms can cause to electricity infrastructure. More »

 

Power cut details are available online now at www.powerco.co.nz

Friday, 17 December 2010
The popularity of mobile phones with internet browsing capability has promoted Powerco to publish details of all high voltage network power cuts, both planned and unplanned, on the Company website. More »

 

Powerco secures $100 million revolving cash advances facility

Tuesday, 7 December 2010
Electricity and gas distributor Powerco Limited announced today that it had successfully established a new $100 million revolving cash advances facility from the Company's banking syndicate, comprised of Westpac and ANZ. More »

 

Powerco Plans New Substation For Papamoa

Powerco Plans New Substation For Papamoa

Sunday, 25 July 2010
Powerco is currently working through the consenting process to build a new electricity substation at a site in the Tauranga suburb of Papamoa. More »

 

Major milestone for latest Tauranga electricity substation

Major milestone for latest Tauranga electricity substation

Thursday, 13 May 2010
Work on a multi-million dollar electricity substation in Tauranga is fast approaching completion with all major works complete and only a site clean-up remaining. More »

 

Major Milestone For Latest New Plymouth Electricity Substation

Major Milestone For Latest New Plymouth Electricity Substation

Thursday, 6 May 2010
Work on a multi-million dollar electricity substation on the outskirts of New Plymouth is fast approaching completion following the installation of the last major component today. More »

 

Powerco Announces Sponsorship of Environmental Clean Up for Women's Surf Festival in Taranaki

Thursday, 8 April 2010
Powerco today announced its decision to sponsor an environmental initiative aimed at ensuring Taranaki beaches involved in the TSB Bank Women's Surf Festival are cleaned up during the event. More »

 

Powerco Continues to Deliver Solid Results

Wednesday, 31 March 2010
Powerco has reported a net profit of $15.3 million for the period on revenues, including other income, of $187.3 million, up two per cent on the $183.8 million earned in the six months to 31 December 2008. More »

 

Power Supply Restored in Coromandel Update

Thursday, 18 March 2010
20:30hrs. Power supply has now been restored to 12,500 consumers in and around Tairua, Whitianga and Coromandel township following an outage on Powerco's network around 3.50pm today More »

 

Power Supply Restored in Coromandel

Thursday, 18 March 2010
Power supply has now been restored to 12,500 consumers in and around Tairua, Whitianga and Coromandel township following an outage on Powerco's network around 3.50pm today. More »

 

Interruption to Power Supply - Update

Thursday, 18 March 2010
Power supply has been restored to about 7,000 consumers in and around Tairua, Whitianga and Coromandel township following an outage on Powerco's network around 3.50pm today. More »

 

Interruption to Power Supply

Thursday, 18 March 2010
Power supply to approximately 12,500 consumers in and around Tairua, Whitianga and Coromandel township was interrupted today following a fault on Powerco's network. More »

 

Powerco Releases Interim Result For Six Months To December 2009

Thursday, 25 February 2010
Powerco Chairman Rick Bettle today announced the Company had made a net profit after tax of $15.3 million in the six months to 31 December 2009, a good result particularly in light of the recent economic downturn. The half year result included a negative mark to market adjustment for financial derivatives of $8.5 million. More »