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.
To manage the shareholding of MainPower New Zealand Limited and other assets for the benefit of Qualifying Customers.
To create and enhance value for the beneficiaries and local community into the future.
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 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 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.
Trustees are required to prepare a Review Report every six years to consider if it is appropriate for The Trust to continue holding 100% of the shares in MainPower New Zealand Limited.
As a result of the 2024 Review, the Trust decided to continue to hold 100% of the Trust capital. The next Capital Distribution Review will be in 2030.
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.
Learn more about what’s happening at MainPower Trust.
MainPower Trust hosts ETNZ conference
MainPower announces new Chief Executive
MainPower welcomes two new members to the Board
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