Meridian Energy

Meridian Energy Limited

Company type	Public
Traded as	NZX: MEL ASX: MEZ
Industry	Electricity generation Electricity retailing
Predecessor	Electricity Corporation of New Zealand
Founded	16 December 1998; 25 years ago (1998-12-16)[1]
Headquarters	Wellington , New Zealand
Key people	Neal Barclay, Chief Executive
Revenue	NZ$2,319 million (2017)[2]
Operating income	NZ$653 million (2017)[2]
Net income	NZ$197 million (2017)[2]
Total assets	NZ$8,665 million (2017)[2]
Total equity	NZ$5,082 million (2017)[2]
Owner	New Zealand Government (51.02%, 2016)
Number of employees	959 (2017)[2]
Subsidiaries	Powershop
Website	www.meridianenergy.co.nz

Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015.^[3][4]

Meridian was one of three electricity companies formed from the break-up of the Electricity Corporation of New Zealand (ECNZ) in 1998–99, taking over the Waitaki River and the Manapouri hydro schemes. Originally a state-owned enterprise wholly owned by the New Zealand Government, the company was partially privatised in October 2013 by the Fifth National Government, with the government retaining a 51.02% shareholding.

Today, Meridian operates seven hydroelectric power stations and one wind farm in the South Island of New Zealand, and four wind farms in the North Island.