Contact Energy Limited (ASX:CEN)
Contact Energy Limited (ASX:CEN) is a diversified and integrated energy company, focusing on the generation of electricity and the sale of electricity and gas in New Zealand. The company has a Standard & Poor's long-term credit rating of BBB/stable and short term rating of A-2.
Over its 20 year history the company has built a flexible and largely renewable portfolio of electricity generation assets. CEN owns and operates 11 power stations and produces 80-85% of its electricity from its renewable hydro and geothermal stations.
The Company's natural gas and diesel fired power stations operate to ensure the lights stay on for New Zealanders when intermittent renewable sources like hydro and wind plant cannot operate.