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  1. HK Electric prices to rise as 24-year earnings run ends

    Posted Mar 06th 2004, 12:00am by Denise Tsang

    ... Worse than anticipated 8.6pc drop in net profit sets off bid to recoup costs Hongkong Electric Holdings will lift electricity tariffs by as much as 11.6 per cent next year in a bid ... return on its regulated electricity supply for the first time in 24 years, due mainly to the Sars outbreak and frozen tariffs last year. Hongkong Electric, which serves Hong Kong and Lamma ...

  2. Hongkong Electric to increase bills by 2pc

    Posted Mar 23rd 2004, 12:00am by Carrie Chan, Denise Tsang

    ... in public utility charges since 1998, is being imposed by Hongkong Electric to offset rising fuel costs. From April 1, Hongkong Electric will cut its fuel rebate to consumers- the fuel clause rebate on consumer bills- by 2 cents per kilowatt hour. This is equivalent to a 2 per cent rise in average net tariffs to $1.03 per kWh. Hongkong Electric said 70 per cent of the islands' residential ...

  3. Hongkong Electric hit by higher fuel costs

    Posted Mar 05th 2004, 12:00am by Denise Tsang

    ... Kong and Lamma islands looms large on the back of Hongkong Electric Holdings' worse than expected slump in net profit and higher fuel costs. Net profit last year was $6.05 billion ... profit of $6.44 billion, according to a Thomson First Call poll. Despite the poor performance, Hongkong Electric proposed a final dividend of $1.13 per share, taking the full-year payout ...

  4. HK Electric's best asset is its ability to hoodwink legislators on tariffs

    Posted Dec 16th 2004, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp I HAPPEN TO live on Hong Kong Island and am thus a customer of Hongkong Electric. I sometimes wish, however, that I lived in our town's overseas districts so that I could sign up with CLP Power instead. There is a simple reason for it. Just look at the chart. Hongkong Electric customers pay about 15 per cent more for their electric power than CLP customers ...

  5. Power prices will be tied to CPI when profit scheme ends: report

    Posted Oct 30th 2004, 12:00am by Alex Lo

    ... Alex Lo But Hongkong Electric says existing system serves city well One of Hong Kong's two major power suppliers last night defended the two-decade-old scheme of control after a report said the government planned to scrap the system and tie power tariffs to the consumer price index. Hongkong Electric said the scheme of control, which allows profits of up to 13.5 per cent ...

  6. HK Electric files lawsuit against Monitor columnist

    Posted Dec 27th 2004, 12:00am by Staff Reporter

    ... Staff Reporter Hongkong Electric has taken out a lawsuit against business columnist Jake van der Kamp and South China Morning Post Publishers. The Li Ka-shing-controlled company initiated ... in the Post's business section, is one of the most high-profile English-language columnists in Hong Kong. Hongkong Electric issued a High Court writ on Thursday in a claim that seeks damages ...

  7. Go-ahead for HK Electric's Ap Lei Chau hotel plan

    Posted Nov 09th 2004, 12:00am by Denise Tsang

    ... Denise Tsang The government has finally given the green light for Hongkong Electric Holdings' plan for a hotel in Ap Lei Chau, putting an end to a four-year controversy over land use ... station. A Hongkong Electric spokeswoman declined to reveal any details of the project, saying it was still in an early stage. According to the company's submission to the planning board, ...

  8. Healthy overseas earnings should light up electricity duo's reports

    Posted Aug 02nd 2004, 12:00am by Denise Tsang

    ... Denise Tsang Strong overseas contributions will light up the interim profits of electricity utilities CLP Holdings and Hongkong Electric Holdings, according to analysts. CLP's power projects in Australia, India, Taiwan and Thailand were expected to perform well in the six months to June as provisions plagued the previous corresponding period, analysts said. Hongkong Electric ...

  9. HK Electric's 6.5pc increase sparks call for an overhaul

    Posted Dec 17th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric, the power supplier for Hong Kong and Lamma islands, will raise prices by an average of 6.5 per cent next year. CLP Power, which serves Kowloon, the New ... CLP's decision to cancel its rebate and Hongkong Electric's decision to raise tariffs,' Democrat Fred Li Wah-ming said at Legco's economic services panel meeting. 'The ...

  10. HK Electric eyes stake in CKI's British gas network

    Posted Sep 02nd 2004, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings has expressed interest in taking part of Cheung Kong Infrastructure Holdings' (CKI) stake of a gas distribution network in north England. After ... would be Hongkong Electric's maiden foray outside the Asia-Pacific region and the first that did not involve electricity supply. 'The company has been studying the British energy ...




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