Genesis Energy Shares Fall After It Flags Potential Outage of New Zealand Power Plant Unit

MT Newswires Live

2025/10/20

Shares of Genesis Energy (NZE:GNE, ASX:GNE) fell almost 1% in early trading on Monday after the firm said on Sunday that it plans to start a cold survey of Huntly Rankine power station unit 2 in New Zealand from Dec. 1, and the unit will be unavailable from that time.

The survey is subject to the proposed 10-year Huntly firming options being approved by New Zealand's Commerce Commission.

A cold survey includes all inspection and remedial work to certify a Rankine unit to continue reliable operation. The unit is stripped down and then reassembled. This usually takes several months to complete.

The unit is scheduled to be removed from service in January 2026, the company said. The proposed potential arrangements between Genesis, Mercury (NZE:MCY, ASX:MCY), Meridian Energy (NZE:MEL, ASX:MEZ), and Contact Energy (NZE:CEN, ASX:CEN) could provide for the unit to remain in service until 2035.

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The unit is stripped down and then reassembled. This usually takes several months to complete.</p><p>The unit is scheduled to be removed from service in January 2026, the company said. The proposed potential arrangements between Genesis, Mercury (NZE:MCY, ASX:MCY), <a href=\"https://laohu8.com/S/MEZ.AU\">Meridian Energy</a> (NZE:MEL, ASX:MEZ), and <a href=\"https://laohu8.com/S/CEN.AU\">Contact Energy</a> (NZE:CEN, ASX:CEN) could provide for the unit to remain in service until 2035.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genesis Energy Shares Fall After It Flags Potential Outage of New Zealand Power Plant Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenesis Energy Shares Fall After It Flags Potential Outage of New Zealand Power Plant Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-20 08:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shares of <a href=\"https://laohu8.com/S/GNE.AU\">Genesis Energy</a> (NZE:GNE, ASX:GNE) fell almost 1% in early trading on Monday after the firm said on Sunday that it plans to start a cold survey of Huntly Rankine power station unit 2 in <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a> from Dec. 1, and the unit will be unavailable from that time.</p><p>The survey is subject to the proposed 10-year Huntly firming options being approved by New Zealand's Commerce Commission.</p><p>A cold survey includes all inspection and remedial work to certify a Rankine unit to continue reliable operation. The unit is stripped down and then reassembled. This usually takes several months to complete.</p><p>The unit is scheduled to be removed from service in January 2026, the company said. The proposed potential arrangements between Genesis, Mercury (NZE:MCY, ASX:MCY), <a href=\"https://laohu8.com/S/MEZ.AU\">Meridian Energy</a> (NZE:MEL, ASX:MEZ), and <a href=\"https://laohu8.com/S/CEN.AU\">Contact Energy</a> (NZE:CEN, ASX:CEN) could provide for the unit to remain in service until 2035.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7006","symbol_name":"电力公用事业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2576000817","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576000817","pubTimestamp":1760921477,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shares of Genesis Energy  fell almost 1% in early trading on Monday after the firm said on Sunday that it plans to start a cold survey of Huntly Rankine power station unit 2 in New Zealand from Dec. 1, and the unit will be unavailable from that time.The survey is subject to the proposed 10-year Huntly firming options being approved by New Zealand's Commerce Commission.A cold survey includes all inspection and remedial work to certify a Rankine unit to continue reliable operation. The unit is stripped down and then reassembled. This usually takes several months to complete.The unit is scheduled to be removed from service in January 2026, the company said. The proposed potential arrangements between Genesis, Mercury , Meridian Energy , and Contact Energy  could provide for the unit to remain in service until 2035.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7006":"电力公用事业","T10G.NZ":"S&P/NZX 10","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","CEN.AU":"CONTACT ENERGY LTD","MCY.AU":"MERCURY NZ LTD","BK7060":"新能源发电业者","MEZ.AU":"MERIDIAN ENERGY LTD","NZ20C.NZ":"S&P/NZX 20","PW":"Power REIT","GNE.AU":"GENESIS ENERGY LTD","NZ50G.NZ":"S&P/NZX 50"},"translate_title":"Genesis Energy表示新西兰发电厂机组可能停电，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CEN.AU":1,"MCY.AU":1,"NZ50G.NZ":1.5,"GNE.AU":1,"NZ20C.NZ":1.5,"PW":1.5,"T10G.NZ":1.5,"MEZ.AU":1},"content_text":"Shares of Genesis Energy (NZE:GNE, ASX:GNE) fell almost 1% in early trading on Monday after the firm said on Sunday that it plans to start a cold survey of Huntly Rankine power station unit 2 in New Zealand from Dec. 1, and the unit will be unavailable from that time.The survey is subject to the proposed 10-year Huntly firming options being approved by New Zealand's Commerce Commission.A cold survey includes all inspection and remedial work to certify a Rankine unit to continue reliable operation. The unit is stripped down and then reassembled. This usually takes several months to complete.The unit is scheduled to be removed from service in January 2026, the company said. The proposed potential arrangements between Genesis, Mercury (NZE:MCY, ASX:MCY), Meridian Energy (NZE:MEL, ASX:MEZ), and Contact Energy (NZE:CEN, ASX:CEN) could provide for the unit to remain in service until 2035.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}