Tiwai Smelter Exit Shouldn't Be a Major Headwind for Trustpower

Trustpower generates and supplies electricity to residential, commercial, and industrial consumers. The company is the fifth-largest generator behind Contact Energy, Mercury NZ, Meridian, and Genesis. Like Meridian and Mercury, Trustpower generates 100% of electricity from renewable resources. It owns 26 relatively small hydroelectric schemes in New Zealand, producing about 1,920 GWh, or gigawatt hours, of electricity in an average rainfall year. The firm's wind farms were spun out in a separately listed entity, known as Tilt Renewables.