Marlborough Lines is owned by the Marlborough Electric Power Trust, which holds the shares in the company on behalf of its beneficiaries – those installations connected to the network for the time being, which means the current and future electricity users in the Marlborough region.
The Marlborough Electric Power Trust is made up of six elected trustees, three of whom are elected on a two-yearly rotational basis. The trustees don’t have any direct involvement in the operation of Marlborough Lines. Their role is to approve Marlborough Lines’ Statement of Corporate Intent, determine the allocation of electricity users’ dividends, and appoint the company directors.
Contact : Brenda Munro, Trust Secretary, phone 03 577 5674
, or visit the Marlbrough Electric Power Trust website www.mept.co.nz
for further information.
An ownership review was undertaken in 2008 and is required to be undertaken every five years consistent with the provisions of the Trust Deed and as determined by the Minister of Energy at the time the company was established. Please click the links below for related reports.