The sharemarket float of Genesis Energy - the details of which are due out today - is likely to proceed along standard lines, unlike the instalment receipt structure the Government used to sell a half-share in Meridian Energy last year, say market sources.
Finance Minister Bill English is expected to release details of the partial privatisation of the third and final state-owned power generator and retailer on the Government's list in Auckland today.
Sources expect the process to be similar to that used for Mighty River Power - a standard, fully paid share - which will take into account the smaller size of the asset.
The Meridian sale - by far the biggest asset on the Government's programme - was split into two parts to allow the offer to be successfully absorbed. The second and final instalment of 50c a share is due in 2015.
One source said the initial public offer process for Genesis would start in March, with an NZX listing the following month.