1. Energy in New Zealand The Current Situation and Future Potential Hon Pete Hodgson Minister of Energy to AMI/RSNZ Auckland Energy Symposium Wednesday 28 April 2004

2. US total consumer energy and GDP 0 50 100 150 200 19801982198419861988199019921994199619982000 Index: 1980 =100 Total consumer energy GDP 1979/80 prices

3. NZ total consumer energy and GDP

4. OECD primary energy intensities

5. OECD electricity intensities

6. New Generation Proposals YearCompanyPlant NameLocationFuelCapacity (MW) 2004TrustpowerTararua Stage IITararuaWind36 MED (Dry Year Reserve)Whirinaki Oil / Distillate155 Meridian EnergyManapouri Efficiency ImprovementsManapouriHydro25 Todd EnergyMangahao HydroMangahaoHydro4 Total 220 2005GenesisHau Nui Wind5 Meridian EnergyTe ApitiSaddle Road/TararuasWind90 Meridian EnergyManapouri Efficiency ImprovementsManapouriHydro16 GenesisHuntly GTHuntlyGas40 Confidential 1 Total 152 2006Mighty River PowerTuaropaki Power CompanyMokaiGeothermal40 Contact EnergyWairakei BinaryWairakeiGeothermal14 Top EnergyNgawha IINgawhaGeothermal15 Confidential 2 Total 71 2007GenesisHuntly E3PHuntlyGas365 Confidential 35 Total 400 4 year total 843 UnspecifiedOrion (Dry Year Reserve) ChristchurchOil / Distillate20

7. Electricity Generation Options

8. 50 150 200 250 20052010 20152020 Gas Availability & Demand (PJ) Residential Gas Demand Demand with Commercial & Co-Generation Minimum demand with Electricity Generation 100 Developed Reserves Known Reserves Modelled Discoveries Gas Supply and Demand