Our Publishing Partners


 
 
Latest Articles
Origin lifts in second half
On: 28-08-2008 Topic: General
ORIGIN Energy has registered a 13% increase in 2008 profit to $517m buoyed by a number of one-off items amounting to $74m.
Total revenue was up 29% to $8,275m and a dividend was posted amounting 13¢ per cent bringing full year’s dividend to 25¢ per share.
″Origin’s financial performance and business development activities this year have continued to strengthen and develop the Company’s fuel integrated generation and retail business,″ managing director, Grant King (pictured) said.
Record production, sales and revenues resulted in higher earnings from the exploration and production segment.
He said this reflected ″our growing coal seam gas operations, a full year contribution from the BassGas Project and an initial contribution from the Otway Gas Project.″
″The retail segment significantly increased earnings, predominantly due to a full year contribution from Sun Retail, despite continuing high churn in gas and electricity markets and tighter margins in the LPG business,″ he said.
″Customer numbers were maintained across the year and dual fuel accounts increased.
″Earnings in the generation business were in line with the prior year after adjusting for the Mt Stuart Power Station transition to an internal contract.
␛Contact Energy increased its contribution to our profits.
″We have significantly increased our capital expenditure, with major projects such as the Kupe Gas Project, CSG assets in Queensland and the Darling Downs Power Station representing a substantial investment in Origin’s continuing growth.″

Comment on this article.

Other Articles

Latest Articles
 
Iemma facing privatisation defeat
ALL indications are the NSW Labor Government’s electricity privatisation legislation will be defeated in the state’s Upper House legislature later today.
The National Country Party’s leader, Andrew Stoner (pictured) has already said has already said his party will not support Read More..
 
Wind measurement gets up to speed
WIND companies and designers can now measure the effectiveness of wind turbines following new tests approved by the International Electrotechnical Commission (IEC).
Developed by a technical committee, IEC 61400-21 sets out the tests that can be used to compare both wind turbines of Read More..
 
Origin lifts in second half
ORIGIN Energy has registered a 13% increase in 2008 profit to $517m buoyed by a number of one-off items amounting to $74m.
Total revenue was up 29% to $8,275m and a dividend was posted amounting 13¢ per cent bringing full year’s dividend to 25¢ per share.
″Origin’s f Read More..
 
NSW switches tactics to upper house
LEGISLATION for the privatisation of NSW electricity assets will go before the Upper House of the state’s parliament on Thursday.
Premier Morris Iemma notified several changes to the bill which will not be presented to the House of Representative where it faces certain defeat.
Read More..
 
Turbines wipe out batteries
CAPSTONE Turbines has broken into the data centre market with a $1.3m sale in Arlington and Houston.
The company has announced orders for its UPSource product, an Uninterruptible Power Source (UPS) for data center applications.
″Capstone’s UPSource Secure Power produc Read More..
 
Dawn's false dawn!
″I’ve written media releases longer than this,″ reports NSW independent state MP, Dawn Fardell commenting on the Auditor-General's report on the sale of the NSW electricity industry by the Premier, Morris Iemma.
This followed the Premier labeling the report as ″e Read More..
 
ETS starts getting hot
THE greens are asking New Zealanders if they want changes to the country’s carbon trading scheme; business groups in Australia are being accused of ″whimping out″ of carbon trading and Victorian are told they will have to pay an extra $400 a year to be green – the carbon w Read More..
 
Thailand wants to go nuclear
THAILAND wants Japan to help it build a couple of 2000MW nuclear power stations by 2020.
Bloomberg news agency reports the country wants to cut dependence on natural gas, which accounts for more than 70% of its power generation.
″The next three-year period will b Read More..
 

Next

Your Viewing Article's 1 to 8 of 673


 
This website is not a mirror of the published tome but a news site aimed at delivering short, succinct news on what is happening in the electrical world in Australia and New Zealand and the Asian region.



Latest Articles
In This Issue

Users do not accept the drought being the cause of record electricity prices and Melbourne's CBD is in for a $70m revamp. EW looks at New Zealand's electricity industry saying it is the country most likely to achieve greenhouse gas emission targets. Queensland talks up its hot rocks chances and Transfield gets innovative with its Kemerton refit. There is the first of a two-part article on feildbus and SEW Eurodrive reckons Australia is a leader in regulating electric motor energy efficiencies.

Stock Prices
Dcypha
Wednesday's Australian Electricity price
NSW
45.2860 down 0.5750
VIC 50.1479 down 0.3176
QLD 59.7700 down 0.0660
SA 66.1380 down 0.0836

Wednesday's New Zealand average
power price. (c/kWh)
NZ 14.3959 down 0.4856

The Australian S&P/ASX 200 Utilities index's winning streak came to an end on Wednesday with a 46.2 point fall ending the day at 5198.3.


You've always been able to burn energy at the gym. Now, you can create it too . . . Fox 12
Home      What's On       Links      Gazetteer      Contact Us       Magazine
Trademark and Copyright Notice: Copyright 2008, D&D Publishing Pty Ltd., and its related entities. All rights reserved. Use in whole or part of this site's content is prohibited. Use of this Web site assumes acceptance of the Terms of Use and Copyright Policy.
Site Created By Luke Del Monte