Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


$3.8m returned to Northpower consumers

Northpower Limited Media Statement
4 December, 2013

$3.8m returned to Northpower consumers

For the second year running, Northpower consumers will receive a pre-Christmas gift from the Northpower Electric Power Trust.

All electricity consumers connected to the Northpower lines network in Kaipara and Whangarei will find a $70 tax free credit on their December power accounts.

The distribution totals $3.8 million and is allocated to the 55,605 power installation control points (ICPs) connected to the Northpower network at 6am, December 4, 2013.

Northpower Public Affairs Manager Steve Macmillan says customers who do not receive the $70 credit on their next power account should contact the NEPT information line on 0800 434 100.

Pre-pay customers can expect the credit to appear next time they top up their account – although this can sometimes take up to a week.

Mr Macmillan says over the past 20 years, Northpower consumers have received more than $182 million through the NEPT distributions and Northpower line holidays.

“This is the second distribution from the NEPT in 12 months and it is always satisfying for the Trust to be able to pass on profits from Northpower, as this is a sign of a successful and growing company,” says Mr Macmillan.

“2013 has been a strong year for Northpower after reporting a group net profit after tax of $11.3 million for the 2012/1013 financial year. It was voted New Zealand’s ‘Lines Company of The Year”, made great progress on the Northpower Fibre ultra-fast broadband build in Whangarei and received the 2013 Calix Innovation award for ‘Fibre Transformation’.

“West Coast Energy is performing well in Australia, Northpower’s New Zealand Contracting business remains strong and the company continues to secure project work in the Pacific Islands,” he says.

The NEPT owns Northpower on behalf of the electricity consumers of the Kaipara and Whangarei Districts and this 2013 distribution is the customer’s share of Northpower’s profits paid to the Trust by Northpower.

The $70 credit will appear on December power accounts regardless of which electricity retailer consumers are with. Northpower supplies electricity to the Kaipara and Whangarei Districts through a number of retailers, including Pulse, Mercury, Meridian, Contact and Genesis.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news