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

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news