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Ownership Review

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.

Following consultation with the people of the Kaipara and Whangarei Districts between February and June, 2012, a decision was made at a public meeting of the Trust for Northpower to remain firmly in the ownership of its consumers.

With the ownership of the company confirmed to remain with the Trust until the next review (to be held no later than 2017), the Trustees will ensure Northpower continues to provide an efficient, cost-effective lines network for the consumers of Kaipara and Whangarei.

View the public submissions recieved 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/

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