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© 2021 Trustpower
Whenever we release news about Trustpower and our operations, you’ll find it here. Company News includes media releases and updates on our latest business performance, how new projects are developing, additions to our team; current issues in power or telecommunications; and information about what Trustpower is doing in the community. To view older community news updates, visit the community news archive.
Trustpower advises of the following proposed changes in its directors:
Trustpower advises that its Annual Shareholder meeting will be held on 22 September 2021.
Trustpower today announces the conditional sale of its gas, telecommunications, and retail electricity supply business (excluding the supply of electricity to commercial and industrial customers) to Mercury NZ Limited (Mercury) for $441million, subject to post-completion adjustments. The sale of the retail business will take effect following the conditions of the sale being met, which is expected to be late 2021 or early 2022.
Trustpower Limited (NZX: TPW) today announced its financial results for the year ended 31 March 2021, seeing off the challenges of 2020 to deliver a seven percent increase in EBITDAF*.
Trustpower today announces a review of its retail business.
Trustpower is pleased to announce that David Gibson and Peter Coman are joining its Board.
Trustpower is appealing the Electricity Authority’s (EA) recent decision to replace the Transmission Pricing Guidelines in the High Court. The new guidelines will change the way Transpower’s costs are allocated to its customers.
The Electricity Authority (the Authority) today published its final decision in relation to the setting of transmission pricing guidelines (Guidelines). The Authority began the process to review the Guidelines soon after it was established in 2010. The Authority has now directed Transpower to prepare a new transmission pricing methodology and submit it to the Authority for approval.
The COVID-19 pandemic and the economic consequences of it dominated the last part of the 2020 financial year. However, Trustpower’s resilience and capability meant there was almost no impact on generation capacity or services to customers.
Across Trustpower's 44 hydro power stations, regular dam safety reviews and monitoring are carried out by certified international third-party experts and subject to peer review.