Genesis Energy Limited (GNE.NZ)

2.7100 +0.0100 (+0.37%) At close: 05:00PM NZST

Genesis Energy Limited

Genesis Energy
Level 6 155 Fanshawe Street Wynyard Quarter
Auckland 1010
New Zealand
64 9 580 2094
https://www.genesisenergy.co.nz

Sector(s): Utilities
Industry: Utilities—Independent Power Producers
Full-time employees: 1,149

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Marc England M.B.A., MBA, MEng(Hons)	Chief Exec. Officer	2.07M	N/A	N/A
Mr. James Spence	Chief Financial Officer	N/A	N/A	N/A
Ms. Rebecca Larking M.Sc.	Chief Operations Officer	N/A	N/A	N/A
Timothy McSweeney	Gen. Mang. of Investor Relations & Market Risk	N/A	N/A	N/A
Chris Mirams	Gen. Mang. of Communications & Media	N/A	N/A	N/A
Ms. Nicola Richardson B.A., BA (Hons)	Chief People Officer	N/A	N/A	N/A
Ms. Tracey Hickman M.A., MA (Hons)	Chief Customer Officer	N/A	N/A	N/A
Mr. Nigel Julien Clark BBus (Acc), CFTP (Snr), FCPA, GAICD, Grad Dip Bus	Exec. Officer	N/A	N/A	N/A
Mr. Matthew Boswell	Interim Chief Trading Officer	N/A	N/A	N/A
Mr. Peter Kennedy A.C.M.A.	Chief Digital Officer	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NZD.

Description

Genesis Energy Limited generates, trades in, and sells electricity to residential and business customers in New Zealand. The company generates electricity from thermal, hydro, and wind sources. Its Retail segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services. The company's Wholesale segment engages in the supply of electricity to the wholesale electricity market; supply of gas and LPG to wholesale and retail customers; and purchase and sale of derivatives to fix the price of electricity. Its Kupe segment is involved in the exploration, development, and production of gas, oil, and LPG; and supply of gas and LPG to the wholesale segment, and light oil. The company's generation asset portfolio includes the Huntly power station with a generation capacity of 953 MW; Tongariro Power Scheme that comprises three power stations with a generation capacity of 361.8MW; Waikaremoana Power Scheme, which includes three power stations with a generation capacity of 138 MW; and Tekapo Power Scheme with a generation capacity of 190 MW; and Hau Nui wind farm with 15 wind turbines. It sells electricity, natural gas, and LPG to approximately 500,000 customers under the Genesis Energy and Energy Online brands. Genesis Energy Limited also offers solar power products and bottled LPG; and property rental services. The company was formerly known as Genesis Power Limited and changed its name to Genesis Energy Limited in September 2013. Genesis Energy Limited was incorporated in 1998 and is headquartered in Auckland, New Zealand.

Corporate governance

Genesis Energy Limited’s ISS governance QualityScore as of 1 May 2022 is 8. The pillar scores are Audit: 7; Board: 3; Shareholder rights: 10; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.