Horizon Energy Distribution Limited (“Horizon Energy”) owns and operates the electricity distribution system (“Distribution Network”) in the Eastern Bay of Plenty. This is the physical infrastructure (e.g. Poles and Lines) that deliver electricity to your property. Horizon Energy’s charges relate only to the cost of providing the Distribution Network services. Horizon Energy is not your electricity Retailer.

Changes to Electricity Line Charges Effective 1 April 2013

20 February, 2013 - 09:04

Horizon Energy Distribution Limited’s (“Horizon Energy”) wholly owned subsidiary Aquaheat New Zealand Limited (“Aquaheat”) could, on currently available information, suffer a maximum pre-tax loss of $4 million ($2.9 million post tax) as a result of Mainzeal Property and Construction being placed into receivership. This loss will reduce the forecast after tax profitability of the Horizon Group to around $500,000 for the 2013 financial year, down from the recently announced $3.4 million.

15 February, 2013 - 10:19

Whakatane based lines business Horizon Energy Distribution Limited (“Horizon Energy”) advises the market that its 31 March 2013 year-end forecast after tax profit has reduced to around $3.4 million from its previously announced forecast of $4.3 million.

11 February, 2013 - 08:00

Horizon Energy Distribution Limited’s wholly owned subsidiary, Aquaheat New Zealand Limited is likely to incur a significant adverse financial impact arising from the announcement yesterday of the appointment of Receivers to Mainzeal Property and Construction Limited.

7 February, 2013 - 08:25

Attached is the Horizon Energy Distribution Limited 2012 Interim Report for the six months ended 30 September 2012.

13 December, 2012 - 15:23

The Commerce Commission has today announced a 2.9% reduction in allowable revenue for Horizon Energy Distribution Limited effective from 1 April 2013.

Horizon Energy Chairman Mr Rob Tait said “Although this price reset represents a significant improvement from the Commission’s draft decision in July 2011 of a negative 9.8% price reduction, the Company is disappointed that the Commission continues to use the 2010-2020 Asset Management Plan which does not reflect the Company’s increased investment plans”.

30 November, 2012 - 13:36

Horizon energy announces six month result for the six months ending 30 September 2012.

For more information see attached.

9 November, 2012 - 08:24

HORIZON ENERGY DISTRIBUTION LIMITED COMPLETES ACQUISITION OF THE CONTRACTING ARM OF HASTIE’S NEW ZEALAND HEATING, VENTILATION, AND AIRCONDITIONING BUSINESSES

Whakatane based lines business; Horizon Energy Distribution Limited (“Horizon Energy”) is pleased to announce that it has successfully completed the purchase of the contracting Heating, Ventilation and Air-conditioning businesses of Hastie New Zealand Limited and Aquaheat Industries Limited.

The new business, Aquaheat New Zealand Limited, will continue trading from 1 September 2012.

31 August, 2012 - 16:49

Following receipt of the Commerce Commission’s draft electricity distribution default price decision to reset prices charged by electricity distribution businesses, Horizon Energy Distribution Limited Chief Executive Ajay Anand responded to say that “Horizon Energy would review the information released from the Commission and would make further submissions to the Commission regarding some aspects of the proposed price reset. The reset will apply to prices charged from 1 April 2012 to 31 March 2015”.

22 August, 2012 - 16:35

Attached is the Chairman's Address to Horizon Energy's 18th Annual Shareholders Meeting held on 09 August 2012 together with Director Independence and Results of 2012 Annual Meeting.

11 August, 2012 - 17:31

Syndicate content