General news

Mercury’s MLC clearance decision

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The Electricity Authority Te Mana Hiko has today published a decision paper outlining the reasons for our clearance of a contract between Mercury and New Zealand’s Aluminium Smelter (NZAS).

We cleared Mercury’s draft agreement with NZAS under the materially large contract (MLC) provisions in the Electricity Industry Participation Code (2010).

A finalised contract was subsequently signed by the parties and publicly announced on 31 May 2024 and the clearance remains applicable.

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