Northpower safe, reliable, hassle free service.

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:

• 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.

• 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.

• Election Information

  The Trustees are elected by the public every three years (around the time the local body elections take place). Trustees are elected from the Whangarei and Kaipara districts. The last election was held in November 2007.

• 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).

• Trust Reports

  The Trust Reports show the activities of the Trust for the 12 months to 31 March 2008.

• The Trustees

  The seven Trustees and Trust Secretary were appointed in the last elections held in 2007.

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