Latest News

LATEST NEWS

THE DISCOUNT FOR 2020 HAS BEEN ANNOUNCED

Go to https://www.networkwaitaki.co.nz/customers/discounts/ with your ICP number to find out your discount.

Just one new face will join the Waitaki Power Trust after this year's board of trustees election.

Otago Daily Times, Saturday, 31 August 2019

This week, Jock Webster (3207 votes), and Helen Brookes (2919) were returned to the trust, and will be joined by newcomer Doreen Cleave (2904). Adair Craik (2442), Tony Spivey (2348), and Prem Nath (1374) also contested the election.

The five-member board also includes John Clements and Herb Tonkin, who were not required to seek re-election.

At the beginning of August, retiring trustee Tony Brady was thanked for his contribution and long service to the trust.

The trust holds 100% of the shares in electricity distribution company Network Waitaki which, over the past financial year, reported a net profit of $2.8million, reinvested $9million into the business, and network reliability, returned $1.5million in discounts to consumers, and provided more than $136,000 to community organisations as part of the company's community sponsorship programme.