The Northpower Electric Power Trust (NEPT) has announced an ownership review of Northpower Limited. This is undertaken every five years and consumers connected to Northpower’s electricity network in Kaipara and Whangārei can make submissions on the ownership model of the company.
From February 28 to April 28, consumers connected to Northpower’s electricity network in Kaipara and Whangārei were able to make submissions to the Northpower Electric Power Trust (NEPT) on the ownership model of the company.
Currently, seven Trustees Erc Angelo (Chair), Sheena McKenzie (Deputy Chair), Chris Biddles, Irene Durham, Phil Heatley, Bill Rossiter, and Paul Yovich hold all of the shares in Northpower on behalf of the Trust's beneficiaries (electricity consumers connected to the Northpower electricity network).
The Northpower Ownership Review is held every five years.
In total, there were 131 submissions during the 2022 Northpower Ownership Review, of which 36 were dual submissions, making a total of 167 submitters, says NEPT Chair Erc Angelo.