Meridian Energy plans to revive a notes issue that was shelved because of the Government's plans for an asset swap.
Earlier this month, the State-owned electricity generator suspended a planned notes issue, after the Government released details of a proposed major shakeup of the electricity system.
The changes would involve Meridian picking up the diesel-fired Whirinaki power station and transferring its two Tekapo hydro power stations to its North Island competitor, Genesis Energy.
The company hopes to raise $150 million through a new renewable energy bond issue due to open in late January.
The retail bonds issue is expected to open late in January. It will remain separate from the notes issue.
