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 (see table below)
• 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.