Northpower safe, reliable, hassle free service.

Ownership

The Northpower Electric Power Trust (NEPT) 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 from the Whangarei and Kaipara districts every three years at the same time as the local body elections.

• 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 documentation shows the historic activities of the Trust, along with the current Annual Plan (2011 to 2012).

• The Trustees

  The seven Trustees and Trust Secretary were appointed in the last elections held in 2010.

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