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Trust Ownership Benefits

Trust shareholding ensures that economic benefits of regional ownership remain in Hawke’s Bay rather than being paid outside our region or to overseas shareholders.

More than $8 million in dividends paid to the Trust from Unison Networks Ltd, is to be distributed by the Trust to Hastings and Napier consumers in September 2008. This will bring to more than $66 million the direct financial benefits consumers have had from Trust ownership since 1999.

The benefits of Trust ownership are also reflected in other ways, such as the undergrounding of Unison networks extensively throughout Hastings and Napier, additional investment in rural areas to further improve reliability and to reduce the duration of outages, as well as assisting consumers with energy efficiency and conservation projects.

 

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