About Us
The primary roles of the Electra Trust are to:
- appoint the Directors of Electra Limited
- ensure appropriate annual performance assessments are held
- monitor and safeguard the interests of Electra's owners
- ensure the terms of the Trust Deed are met and consider any
amendments
- may commission ownership reviews from time to time
- ensure any surplus funds generated by Electra Limited, are
returned to the owners in the form of an annual discount
- approve the company's Statement of Corporate Intent and monitor
performance
- hold an Annual Meeting of its owners (and any
Special Meetings that may be required) to inform owners and
respond to questions
- maintain open communication with owners
The Electra Trust is a member of the
Energy Trusts of New Zealand, representing the 22 consumer or
partly-consumer-owned lines companies around New Zealand (http://www.etnz.org.nz)
This ensures Electra is kept fully
informed on national issues affecting lines companies or the
electricity supply market - and gives Electra the opportunity to
provide input into ETNZ national policy and decision-making.
