Manawa faces potential 55 million dollar drop in earnings
Renewable energy generator Manawa's revealed one of its customers has defaulted on its bill and that's contributing to a potential 55 million dollar drop in its forecast earnings. Today it has terminated it's supply agreement with the un-named defaulting electricty retailer. Today, the associate Energy Minister Shane Jones accused the big power companies of profiteering and said the government is investigating ways to force the major generators to cut prices, CEO of power retailer Electric Kiwi Luke Blincoe, speaks to Lisa Owen