Trust Ownership Review
All of the shares in Centralines Limited are held by a Consumer Trust. Centralines is your local electricity network company. It has been a consumer owned company since 1993.
In 1992, the directors of the former Central Hawke’s Bay Power Board consulted with the community about the shareholding options. The local response was in favour of Trust ownership, and in 1993 a Trust was formed to hold the shares.
According to the Trust Deed, the Central Hawke’s Bay Consumers Power Trust Trustees must review the ownership options every five years, and present the review to consumers. This review will assess the performance of the Trust over the last five years and will make a recommendation as to how the shares should continue to be held.
To read the full Summary Report on the 2018 Central Hawke's Bay Consumers Power Trust Ownership Review see the document link below: