Trustpower

Trustpower Limited
Public
Traded as NZX: TPW
Industry Energy
Founded 1993
Headquarters Tauranga, New Zealand
Services Electricity Gas Internet Telecommunications
Revenue NZD$819.8m[1]
NZD$93.9m[1]
Total assets NZD$2,505m[1]
Total equity NZD$1,418m[1]
Number of employees
 786[1]
Website www.trustpower.co.nz

Trustpower Limited is a New Zealand electricity generation and electricity retailing company, listed on the New Zealand stock exchange.

Trustpower is New Zealand's fifth largest electricity generator (in terms of MW capacity, GWh output and revenue) and the fourth largest electricity retailer (in customer numbers).

In New Zealand, Trustpower now has 29 hydro-electricity schemes, with a total of 47 power stations. In Australia, the Company has three schemes containing six generating units. In total, it has generating capacity of 532 megawatts. It generates the majority of its electricity using renewable energy sources.

Trustpower operates a multi-product retail business in New Zealand, including electricity, gas and telecommunications products with approximately 280,000 electricity customer connections, 33,000 gas customer connections and 76,000 telecommunications customer connections (figures accurate as at May 2017).

The company's ownership structure is dominated by its two major shareholders: Infratil which owns 51.0% and the Tauranga Energy Consumer Trust (TECT) which owns 26.8% and the remaining 22.2% is widely held.[2]

In 2013 it bought Energy Direct, a Wanganui electricity and gas company.[3]

In 2015, it bought 65% of King Country Energy Ltd from Nova Energy.[4] King Country Energy generates all of its electricity from renewable sources (principally hydro-electric generation) and supplies electricity to the Waitomo, King Country and Ruapehu Districts. King Country Energy was incorporated in 1991.

On 18 December 2015, Trustpower announced that it was considering a process to demerge its wind assets in Australia and New Zealand, separating into two New Zealand incorporated listed companies by way of a Court-approved scheme of arrangement. The Demerger, effective on 31 October 2016, resulted in the creation of two new companies, Trustpower and Tilt Renewables. The demerger enables each business to focus on their respective areas of specialisation.  Tilt Renewables can expand on Trustpower’s Australian wind development and generation business; and Trustpower can continue to expand on its current hydro electricity initiatives and multi-product retail strategy in New Zealand.

Power stations

Trustpower power stations in New Zealand
Scheme StationTypeCapacityCommissionedLocation
Bream Baydiesel 9 MW2011Northland
Kaimai Lloyd Mandenohydro 16 MW 1972 Bay of Plenty
Lower Mangapapahydro 5.6 MW1979
Ruahihihydro 20 MW1981
Kaimai 5hydro 0.3 MW1994
Matahina Matahinahydro 80 MW1967
Wheao/Flaxy Wheao / Flaxyhydro 26 MW1982
Esk Rimu hydro 2.4 MW 2013 Hawke's Bay
Toronui hydro 1.4 MW 2013
Hinemaiaia Hinemaiaia hydro 6 MW 1952 Waikato
Mangorei Mangoreihydro 4.5 MW1906Taranaki
Motukawa Motukawahydro 5 MW1924
Patea Pateahydro 31 MW1984
Cobb Cobbhydro 32 MW1944Nelson
Branch Argylehydro 11 MW1983Marlborough
Waihopai Waihopaihydro 2.4 MW1927
Arnold Arnoldhydro 3 MW1932West Coast
Kumara Kumarahydro 6.5 MW1978
Dillmanshydro 3.5 MW1978
Duffershydro 0.5 MW1980
Kaniere Kaniere Forkshydro 0.4 MW1909
McKay's Creekhydro 1.1 MW1931
Wahapo Wahapohydro 3.1 MW1960
Coleridge Coleridgehydro 39 MW1914Canterbury
Highbank Highbankhydro 28 MW1945
Montaltohydro 1.8 MW1982
Paerau/Patearoa Paerauhydro 12 MW1984Otago
Waipori Deep Streamhydro 5 MW2008
Waiporihydro 84 MW1907
Trustpower power stations in Australia
StationTypeCapacityCommissionedLocation
Keepithydro 7 MW1960New South Wales
Burrinjuckhydro 27 MW1928
Humehydro 58 MW1957

See also

References

  1. 1 2 3 4 5 "Financial Statements 2016" (PDF). TrustPower. 15 May 2016.
  2. ↑ "Major shareholders". TrustPower. Retrieved 6 July 2017.
  3. ↑ "Contract to purchase Energy Direct NZ now unconditional". NZX. 14 June 2013. Retrieved 15 March 2014.
  4. ↑ "Trustpower becomes new majority shareholder in KCE – changes to KCE board". King Country Energy. 7 December 2015.
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