Ownership
The Trust was formed to provide consumers with control over their network and to ensure Northpower maintained a uniquely Northland focus.
In this section:
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Distribution FAQ's
Following are commonly asked questions relating to NEPT distributions to consumers. For more information phone 0800 434 100.
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About The Trust
The Trust consists of seven Trustees who hold all the shares in Northpower on behalf of the Trust's owners - consumers connected to our network. This ownership structure ensures the ownership and control of Northpower remains in the Northland community.
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Consumer Benefits
Each year, in conjunction with the NEPT we return money to consumers through credit distributions that show as a line holiday on their power bill. Since 1993, we have collaboratively returned over $140 million to consumers.
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Election Information
The Trustees are elected from the Whangarei and Kaipara districts every three years at the same time as the local body elections.
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Ownership Review
Northpower's ownership structure is a key feature of the company with 100% of all shares owned by consumers and held in trust by the Northpower Electric Power Trust (NEPT).
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Trust Reports
The Trust documentation shows the historic activities of the Trust, along with the current Annual Plan (2011 to 2012).
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The Trustees
The seven Trustees and Trust Secretary were appointed in the last elections held in 2010.
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Each hard hat must sustain 2,200 volts AC, 50 Hz, for three minutes. The hard hat is passed if there is no damage.