Orion New Zealand Limited

www.oriongroup.co.nz

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Clean Heat impact on household electricity usage 'neutral'

CHRISTCHURCH — Contrary to predictions, Environment Canterbury’s Clean Heat project, which has seen thousands of Christchurch homeowners install electric heat pumps, has not increased overall household electricity consumption in Christchurch.

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Upper South Island cuts peak power demand

CHRISTCHURCH — Eight Upper South Island electricity distribution networks are collaborating to reduce peak demand on their networks, which is lessening the load on the New Zealand transmission system and putting downward pressure on transmission costs and wholesale electricity prices.

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Orion starts 'smart grid' project to improve network reliability and control

CHRISTCHURCH — Christchurch-based electricity network company Orion New Zealand Limited has implemented the first phase of a sophisticated network management system to help improve power reliability for customers - the first of its kind to go live in New Zealand.

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Orion posts $49.9m net profit for 2009

CHRISTCHURCH — Christchurch-based electricity network company Orion New Zealand Limited has announced a $49.9m net profit after tax for the year ended 31 March 2009, $4.4m above its statement of intent forecast.

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