On 15 December 2009, Cabinet agreed that Tekapo A and B power stations should be transferred from Meridian Energy Limited (Meridian) to Genesis Power Limited (Genesis) in order to increase competition in the wholesale and retail electricity markets in the South Island. Cabinet also agreed that the Resource Management Act 1991 (RMA) resource consents that Meridian currently holds in relation to the Tekapo A and B should be transferred to Genesis.