Genesis Energy - Huntly Unit 5 Outage Update

Genesis has been actively pursuing options to return Huntly Unit 5 to service. Successful negotiations with third parties have resulted in an accelerated return to service which we now expect to be 31 January 2024. This timeframe is based on advice from suppliers and remains subject to any material adverse events or unforeseen logistical or supply chain related delays.

The financial impact of the Unit 5 outage is expected to be around $25 million net of insurance proceeds, within the $20-30 million range included in previous EBITDAF guidance. The estimate reflects the expected net impact on Genesis including the insurance deductible.

Any further updates on the timeline for the return to service of Huntly Unit 5 will be provided through the Transpower Planned Outage Coordination Process (POCP).

ENDS

•  Genesis Energy - Huntly Unit 5 Outage Update

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

POT Financial Results for the year to 30 June 2025
MOVE FY25 Results for the year ended 30 June 2025
BPG - Completion of Retail Offer
Comvita releases results for the year ended 30 June 2025
August 29th Morning Report
Air New Zealand announces 2025 financial result
August 28th Morning Report
VSL - 2025 date of Annual Meeting of shareholders
WIN - Winton announces FY25 Annual Results
Meridian Energy Limited 2025 Full Year Financial Results