Meridian Energy reports record hydro generation for first quarter

Meridian Energy Limited has released its monthly operating report for September 2026, reporting record hydro generation levels for the first quarter of the financial year. Chief Executive Mike Roan noted that despite mild weather, lake storage and inflows remain well above historical averages.

The company also reported a return to growth in customer numbers and confirmed that more than half of its customer base has migrated to the Kraken platform.

Meridian Energy maintained its total capital expenditure guidance for the 2027 financial year at $370 million to $410 million. This includes an expected $110 million to $120 million for stay-in-business expenditure, $220 million to $250 million for growth, and $40 million for repowering.