Monday, April 30, 2007

Contact Energy Says Third-Quarter Power Production Declined by 17 Percent

(Bloomberg) -- Contact Energy Ltd., New Zealand's biggest publicly traded energy company, said third-quarter power production fell 17 percent as ample rainfall reduced demand for energy from the company's gas-fired power stations.

Total generation in the three months ended March 31 fell to 2,388 gigawatt-hours, from 2,892 gigawatt-hours a year earlier, the Wellington-based company said in a statement to the New Zealand stock exchange.


Read more at Bloomberg Energy News

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