The Northpower Electric Power Trust (NEPT) Deed requires that options for the future ownership of shares in Northpower be reviewed every five years. The Trustees of the NEPT must carry out a consultation process with Northpower consumers to determine if the current Trust ownership structure is what consumers want, or if consumers would prefer a change.
Northpower Electric Power Trust (NEPT) conducts an Ownership Review of the shares in Northpower Limited every five years and this process is underway now.
You can make submissions (in writing) on the Ownership Review in accordance with the Trust Deed no later than 4pm, 28 April 2017, addressed to:
Submission to the Trustees
Northpower Electric Power Trust
PO Box 1609
Submitters should indicate if they wish to be heard in support of their submission.
The Ownership Review document can be downloaded below or collected from Plus CA Accountants, 134 Bank St, Whangarei.
Public meetings to discuss the Ownership Review options:
Option 1 - Retain the Northpower Ltd shares in the Trust;
Option 2 - Dispose of a portion of the shares and retain the remainder in the Trust;
Option 3 - Dispose of all the shares.
Thursday 16 March – 11am
Plus CA Pavilion, Cobham Oval, Okara Drive, Whangarei
Monday 20 March – 11am
Kaiwaka War Memorial Hall, 4-6 Kaiwaka-Mangawhai Rd
Thursday 23 March – 11am
Dargaville Town Hall, 42 Hokianga Road
Julie Noel (NEPT Secretariat) – Ph 09 438 3322
Or Freephone – 0800 434 100
View the public submissions received on the 2012 Ownership Review.
For more information about Northpower's ownership reviews read the:
2012 Ownership Review (1.2mb PDF)
2007 Ownership Review (1.7mb PDF)
2002 Ownership Review (300kb PDF)
For more information about the review process visit these websites:
Electricity Commission http://www.electricitycommission.govt.nz/
Commerce Commission http://www.comcom.govt.nz/
Energy Trusts of New Zealand http://www.etnz.org.nz/