Contact Energy has claimed of its earnings which remain still in the first half of the current financial year, but it's come short of coming as an actual prediction of what it expects.

The already registered power company's annual gains has come down from last year as it one still needs to pay for the gas which didn’t come in use at its gas-fired power stations.

Contact has already lost 8,500 electricity customers in the year to September, and it shed 2,500 gas users. According to the investor’s group who is aiming to offer clarifications aimed from Contact Energy's board over the firm’s managing director's fee is considered and is  about the independence of some directors.

Contact is conducting its annual meeting today and the Shareholder's Association claims that the stats related with David Baldwin are perturbing.

The firm is said to secure 51 per cent which is stated by the Australia's Origin Energy from which Baldwin was seconded to Contact in 2006.

In the Origin accounts the base pay is pictured as A$678,577 ($893,285) plus a variable amount of A$396,376 ($521,797) and options of A$554,238.

The association's corporate liaison director Des Hunt said, “Contact accounts show the base pay at $838,856 and a variable of $354,000, but no mention of the options which are part of the long term incentive. The Contact accounts show 253,609 options were issued during the 2010 year.”