$70 Northpower Trust Distribution

November 15, 2011

$70 Northpower Trust Distribution

Electricity consumers in the Whangarei and Kaipara Districts will receive a $70 tax free credit on their November power account.

The distribution is from the Northpower Electric Power Trust (NEPT).

The credit is allocated to each power installation (ICP) connected to the Northpower network as at midnight November 15, 2011. If for any reason customers do not receive the $70 credit on their November power accounts they should contact the NEPT information line on 0800 434 100.

Eligible Northpower consumers will receive the credit, regardless of which electricity retailer sends out their power account.

NEPT Chairman Erc Angelo says the distribution is the customer’s share of Northpower’s profits paid to the Trust by Northpower. The NEPT owns Northpower on behalf of the electricity consumers of the Kaipara and Whangarei Districts.

“It is pleasing to pass on this distribution to consumers as it reflects the continuing success of Northpower,” Mr Angelo said.

Consumers also benefit annually from a line charge holiday paid directly by Northpower to consumers.

Northpower supplies electricity to the region through a number of electricity retailers, including Meridian, Genesis, Contact and Mercury.

“We regularly receive feedback from people on the benefits of keeping Northpower in local ownership and a distribution like this is further vindication in that decision,” says Mr Angelo.

“Northpower has grown immensely in recent years and this distribution is a reflection of that strategic planning.”

About Northpower
Northpower is a Northland owned electricity distribution company with over 54,000 electricity consumers connected to its network over an area of some 5,700 square kilometres covering the Whangarei and Kaipara districts in Northland. Northpower Contracting, a division of Northpower, is a leading supplier of electricity distribution network design, maintenance and construction services with branches across New Zealand’s North Island and in Perth, Western Australia. More about Northpower is available at www.northpower.com.

ENDS

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