Genesis Energy Limited (GNE.NZ)

2.6150 +0.0150 (+0.58%) At close: 04:59PM NZDT

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: 1,204

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Tracey Hickman M.A., MA (Hons)	Interim Chief Exec. Officer	N/A	N/A	N/A
Mr. James Spence B.Sc., C.A.	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
Mr. Nigel Julien Clark BBus (Acc), CFTP (Snr), FCPA, GAICD, Grad Dip Bus	Exec. Officer	N/A	N/A	N/A
Mr. Peter Kennedy A.C.M.A.	Chief Digital Officer	N/A	N/A	N/A
Ms. Pauline Martin	Chief Trading Officer	N/A	N/A	N/A
Mr. Cameron Jardine BMS	Acting Chief Customer Officer	N/A	N/A	N/A
Mr. Matthew Osborne B.Com., L.L.B.	Chief Corp. Affairs Officer & Company Sec.	N/A	N/A	N/A

Amounts are as of , 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. It generates electricity from thermal, hydro, and wind sources. The company operates through Retail, Wholesale, and Kupe segments. The Retail segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services. The 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. The 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 comprise 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. 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 December 2022 is 8. The pillar scores are Audit: 3; Board: 3; Shareholder rights: 10; Compensation: 9.

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.