1

Contact Energy

#3123

Rank

$4.01B

Marketcap

NZ New Zealand

Country

Contact Energy
Leadership team

Mr. Michael Fuge (Chief Exec. Officer)

Mr. Dorian Kevin Thomas Devers A.C.M.A., ACMA, B.Sc., BSc (Hons) (Chief Financial Officer)

Mr. Iain Gauld (Chief Information Officer)

Products/ Services
Energy, Renewable Energy, Retail
Number of Employees
500 - 1000
Headquarters
Wellington, Wellington, New Zealand
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CEN.NZ
Social Media
Overview
Location
Summary
Contact Energy Limited generates and sells electricity and natural gas in New Zealand. The company operates through two segments, Wholesale and Customer. The Wholesale segment sells electricity to the wholesale electricity market, and commercial and industrial customers. The Customer segment delivers electricity, natural gas, broadband, and other products and services to mass market customers. It offers electricity, natural gas, and bottled liquefied petroleum gas generated through its 11 hydro, geothermal, and thermal power stations. The company serves approximately 532,000 customers. Contact Energy Limited was incorporated in 1995 and is based in Wellington, New Zealand.
History

Contact Energy was incorporated on 8 November 1995 and became a state-owned enterprise on 18 November 1995. It commenced operations on 1 February 1996, acquiring assets from ECNZ with a payment of $1.6 billion. The founding chief executive Paul Anthony was instrumental in establishing the corporation distinct from ECNZ.

In 1999, the company was sold, with 40% purchased by Edison Mission Energy as cornerstone shareholder for $5 per share. The remaining 60% was sold in a public offering of shares for $3.10 per share. Edison Mission Energy subsequently increased its shareholding to 51%.As part of the 1999 electricity sector reforms, local electricity companies were split into lines and retail, with most selling the retail part. Contact Energy acquired the retail bases of Top Energy, Counties Power, Eastland Network , Unison , Electra, Network Tasman, MainPower, Alpine Energy, Aurora Energy , the Power Company and Electricity Invercargill.

Edison Mission Energy sold its shareholding to Origin Energy in 2004, following financial difficulties elsewhere in its business.

During the global financial crisis of 2007–2008, Contact Energy raised its prices by up to 12% while doubling its directors' fees. As a result, it lost more than 40,000 customers in six months and its profit halved. Contact said this was the worst blow to its reputation in the company's history.Origin Energy sold its 53% shareholding to the market in 2015, following financial difficulties elsewhere in its business.

Mission
Contact Energy's mission is to help New Zealand get the best value, security and sustainability from its electricity and gas needs.
Vision
Contact Energy's vision is to become the preeminent energy provider in New Zealand through innovative products, services and partnerships amongst our customers, stakeholders and communities.
Key Team

Mr. Matthew Forbes (Investor Relations Mang. & GM of Corp. Fin.)

Ms. Catherine Thompson (Chief Corp. Affairs Officer & Gen. Counsel)

Ms. Jan Bibby (Chief People & Transformation Officer)

Ms. Jacqui Nelson (Chief Devel. Officer)

Mr. Matt Bolton (Chief Retail Officer)

Mr. Tighe Wall (Chief Digital Officer)

Kirsten Clayton (Company Sec.)

Recognition and Awards
Contact Energy’s commitment to providing industry-leading customer service and environmental responsibility has earned us recognition and numerous industry awards.
References
Contact Energy
Leadership team

Mr. Michael Fuge (Chief Exec. Officer)

Mr. Dorian Kevin Thomas Devers A.C.M.A., ACMA, B.Sc., BSc (Hons) (Chief Financial Officer)

Mr. Iain Gauld (Chief Information Officer)

Products/ Services
Energy, Renewable Energy, Retail
Number of Employees
500 - 1000
Headquarters
Wellington, Wellington, New Zealand
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CEN.NZ
Social Media