Genesis Energy
#4795
Rank
$1.47B
Marketcap
New Zealand
Country
Mr. Grant E. Sims (Chairman & CEO of Genesis Energy LLC)
Mr. Robert V. Deere (Chief Financial Officer of Genesis Energy LLC)
Ms. Kristen O. Jesulaitis (Exec. Officer & Gen. Counsel of Genesis Energy LLC)
Summary
History
Genesis Energy began business on 1 April 1999, after the reform of the New Zealand electricity market and the breakup of the Electricity Corporation of New Zealand . It took over the Huntly Power Station, Tongariro Power Scheme and Waikaremoana Hydro Scheme from ECNZ, and the Hau Nui Wind Farm and the Kourarau Hydro Scheme from Wairarapa Electricity. It also inherited the retail arms of Powerco, Central Power and Wairarapa Electricity, while Powerco and Central Power concentrated on electricity distribution .
During 2000 to 2002 Genesis Energy purchased several electricity and gas retailing entities, following changes to laws governing the electricity industry. These included electricity retail businesses of Todd Energy, and electricity and gas customers from NGC and Energy Online.
In September 2013, the company announced a change of name from Genesis Power Limited to Genesis Energy Limited.On 17 April 2014, the National Government sold a 49% stake in Genesis Energy through an initial public offering at NZ$1.55 per share.
In February 2018, Genesis Energy announced a pathway to a coal-free electricity future for New Zealand by 2030.
Mission
Vision
Key Team
Mr. Garland G. Gaspard (Sr. VP of Operations & Engineering - Genesis Energy LLC)
Mr. Edward T. Flynn (Exec. VP of Genesis Energy LLC)
Mr. Dwayne R. Morley (VP of Bus. Devel. & Investor Relations - Genesis Energy LLC)
Mr. Ryan S. Sims (Sr. VP of Fin. & Corp. Devel. - Genesis Energy LLC)
Ms. Karen N. Pape (Sr. VP & Controller of Genesis Energy LLC)
Mr. Richard R. Alexander (VP of Genesis Energy LLC)
Mr. Chad A. Landry (VP of Genesis Energy LLC)
Recognition and Awards
References
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Mr. Grant E. Sims (Chairman & CEO of Genesis Energy LLC)
Mr. Robert V. Deere (Chief Financial Officer of Genesis Energy LLC)
Ms. Kristen O. Jesulaitis (Exec. Officer & Gen. Counsel of Genesis Energy LLC)