38% of generation doesn't necessarily translate to 38% of revenue of course. The TV announcement is saying it is about 13% of Meridians power. In any case it's quite significant and l am expecting a SP back to low $4s.
I intended to invest, looking for clean energy company instead of the usual big Oil or Gas power companies. Will be watching it for a while until the dust settles.
Ann: Rio Tinto gives contract termination notice to Meridian, page-5
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