The Northpower Trust will retain all Northpower Limited shares in trust ownership following months spent reviewing possible options — a process it’s required to undertake every five years.
Trustees held a public meeting with Northpower directors in Whangarei on June 9 to consider submissions received during the ownership review which began in March.
A total of 88 submissions were received during the ownership review and Northpower Trust Chairman Erc Angelo said trustees carefully considered the mood of the public throughout the consultation — “a necessary and worthwhile process that warranted a considerable investment of time. Those people in Kaipara and Whangarei connected to the Northpower electricity network are in fact the consumer owners of the company so the ownership review process is important to them.
“We not only sought formal submissions in recent months, we also held public meetings and considered comments by consumers to get the broadest possible gauge of opinion from which we could make a thoroughly considered decision.”
Mr Angelo says the outcome of the ownership review showed that there is minimal desire from consumers to change the longstanding consumer ownership model.
Just two out of 88 formal submissions wanted change.
Kaipara members of the Northpower Trust, Sheena McKenzie and Richard Drake, told the Lifestyler that they endorse Mr Angelo’s comments and look forward to continuing to serve the interests of Northpower’s consumers in the district.
“Northpower was established in Dargaville in 1920 and now provides electricity to almost 15,000 consumers in the Kaipara district. During the next four years the company will bring ultra-fast broadband fibre to 5,561 premises, which will be a real boost to the area because we all want better broadband connectivity as it is so important to our daily lives nowadays.”
Northpower will begin building the Dargaville West UFB network in January 2018 and Mangawhai Village in September 2018. Dargaville East will begin to receive fibre from February 2019, followed by Mangawhai Heads South in March 2019 and Mangawhai Heads North in August 2019.
The Kaiwaka UFB network build will begin in April 2020, Maungaturoto in June 2020, and Ruawai in November 2020. Work on the Paparoa network will start in January 2021 and be completed in May 2021.
The next Northpower ownership review will be held five years from now as required under the trust deed.