Creating and enhancing

value for our beneficiaries

Capital Distribution Review 2024Complete Submission Form
Mt Alexander Farm, Hurunui District
Mt Alexander Farm, Hurunui District

Creating and enhancing value for our beneficiaries

Welcome To MainPower Trust

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.

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.

VISIT MAINPOWER WEBSITE

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.

VISIT MAINPOWER WEBSITE

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.

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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.

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Latest News

Learn more about what’s happening at MainPower Trust.

LATEST NEWS
News
July 12, 2024

2024 Capital Distribution Review now taking place

The Review Proposal that Trustees approved on 12 March 2024 is to retain 100% of the Distributable Capital of the Trust. The Trustees are now required to publically consult with…
Becky Forman
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News
May 24, 2024

Mt Cass Wind Farm exploring next steps

The Mt Cass Wind Farm is a fully consented 94.6MW renewable energy project located near Waipara, North Canterbury. On 21st May 2024, Mt Cass Wind Farm released a media statement with…
Daisy Hemmingson-White
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News
August 23, 2023

New Constitution for MainPower

At the Special General Meeting held on the 23rd of August the ordinary shareholders of the Company (The Trust) and the Redeemable Preference Shareholders voted to approve the adoption of…
Katherine Forrester
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Capital Distribution Review 2024 & Submission Form

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