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October 26, 1992 | From Times Staff and Wire Reports
Power to the Private Sector: The New Zealand government has confirmed media reports that it plans to privatize part of Trans Power, the agency that operates New Zealand's national electricity grid. The partial selloff to the private sector is aimed at increasing competition in electricity generation, the government said.
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BUSINESS
October 26, 1992 | From Times Staff and Wire Reports
Power to the Private Sector: The New Zealand government has confirmed media reports that it plans to privatize part of Trans Power, the agency that operates New Zealand's national electricity grid. The partial selloff to the private sector is aimed at increasing competition in electricity generation, the government said.
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BUSINESS
October 10, 2000
* Royal Dutch/Shell Group said it and Apache Corp. will buy Fletcher Challenge Energy, New Zealand's largest oil and natural-gas exploration company and a unit of Fletcher Challenge Ltd., for $1.63 billion. Shell said it will buy Fletcher's properties in New Zealand and Brunei for $1.03 billion. Apache, a Houston-based oil company, said it will acquire Fletcher's natural-gas and oil holdings in western Canada and Argentina for $600 million.
BUSINESS
May 1, 1999 | Nancy Rivera Brooks
Rosemead-based Edison International said its rapidly expanding Edison Mission Energy subsidiary has agreed to pay $2.03 billion to London-based PowerGen for two power plants in Britain. The Ferrybridge and Fiddler's Ferry electricity generating plants each have a generating capacity of about 2,000 megawatts, or enough to light 2 million homes.
BUSINESS
November 6, 2004 | Elizabeth Douglass, Times Staff Writer
Asset sales lifted third-quarter profit by 49% at Edison International, offsetting lower earnings at its Southern California Edison unit, the state's second-largest utility. Rosemead-based Edison on Friday reported net income of $813 million, or $2.46 a share, for the three months ended Sept. 30, up from $544 million, or $1.65 a share, for the same period last year. Sales fell to $3.19 billion in the quarter, down 6.8% from the year-earlier period.
BUSINESS
July 31, 2004 | Julie Tamaki, Times Staff Writer
Edison International reported a second-quarter loss of $374 million Friday, but signaled that its 2004 profit could exceed analysts' estimates by as much as 27% thanks in part to a rate increase for its Southern California Edison unit. The news sent shares of the Rosemead company up 93 cents on the New York Stock Exchange to $26.80 -- the stock's highest close since early 2000.
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