Trustpower to probe TECT proposal to ditch customer rebates for community projects

Wed, 24 Jan 2018

By Paul McBeth Jan. 25 (BusinessDesk) - Trustpower will take a close look at a proposal by cornerstone shareholder Tauranga Energy Consumer Trust to ditch customer rebates in five years in favour of funding community projects. The trust owns 26 percent of Trustpower and distributes the bulk of its income to the power company's Tauranga and Western Bay of Plenty customers. TECT has told Trustpower it plans to transfer its assets into a new entity to distribute funds to community and charitable groups, aiming to triple the amount available...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

New online carbon tool could slash NZ building emissions

Building designers, developers and owners are demanding low-carbon building products.

Greg Hurrell 5:00am

Technology The Business of Tech Podcast

Inside the Govt’s multibillion-dollar digital shake-up

This week, Peter talks to Paul James and Myles Ward.

Peter Griffin 5:00am

Inside the Govt’s multibillion-dollar digital shake-up

Opinion

Peter McClure: Selling Fonterra’s brands business is best

Fonterra doubling down on what it does best will undoubtedly simplify its business.

Peter McClure 5:00am

Selling Fonterra’s brands business is best

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise

Sponsored

Future leaders start by Dreaming Big

How OnBeingBold empowers Year 13 girls at free leadership events.

OnBeingBold