Press Release: New Zealand Government
Date: Friday, 16 July 1999

SOE Minister, Tony Ryall, today officially opened the Manukau
City headquarters of baby-ECNZ Genesis Power Limited.

Genesis is one of the three electricity generation and
retail companies formed from the former ECNZ on 1 April this
year as part of the Government's plan to give New Zealanders
a better deal on electricity.

"Following the ECNZ split in April, wholesale power prices fell
dramatically" said Mr Ryall, speaking in Manukau.

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