The MainPower Trust owns the ordinary shares in MainPower New Zealand Limited on the terms set out in our Trust Deed. The seven trustees of the trust hold the shares on behalf of qualifying customers of MainPower who live in the MainPower District.
Creating and enhancing
value for our beneficiaries
Creating and enhancing value for our beneficiaries
Welcome To MainPower Trust
Our Purpose
To manage the shareholding of MainPower New Zealand Limited and other assets for the benefit of Qualifying Customers.
Our Mission
To create and enhance value for the beneficiaries and local community into the future.
The MainPower District
The MainPower district covers the Waimakariri, Hurunui, and Kaikōura areas. Including 43,000
connections and impacting the lives of the 80,000 people that call North Canterbury home. This
includes urban centres like Rangiora and Kaiapoi, farmland around Hurunui, a renowned wine
country in the Waipara Valley, and tourist hotspots like Hanmer Springs and Kaikōura.
The MainPower District
The MainPower district covers the Waimakariri, Hurunui, and Kaikōura areas. Including 43,000 connections and impacting the lives of the 80,000 people that call North Canterbury home. This includes urban centres like Rangiora and Kaiapoi, farmland around Hurunui, a renowned wine country in the Waipara Valley, and tourist hotspots like Hanmer Springs and Kaikōura.
Planning And Governance
The MainPower Trust holds a trustee election every three years. Every six years we complete a Capital Distribution Review which governs MainPower and the way in which they operate.
Capital Distribution Review
Trustees are required to consider every six years whether it is appropriate for the Trust to continue to hold 100% of its Trust Fund, which includes the ordinary shares of MainPower New Zealand Limited.
The 2024 Review is currently underway, and the Trustees are consulting with the beneficiaries to see if they agree with the Trustees’ proposed decision to retain 100% of the Trust Capital.
Letter Of Expectation
Every year, The Trust issues a Letter of Expectation to the MainPower Board, setting out the Trust’s expectations of the company. MainPower respond to the letter with a Statement of Corporate Intent identifying MainPower’s intentions and the objectives agreed upon between the Board and the Trustees for the following three years.
Latest News
Learn more about what’s happening at MainPower Trust.