Scanpower Customer Trust

Scanpower Customer Trust

Shareholders of Scanpower, Elected by the Community _

Scanpower Customer Trust

The Scanpower Customer Trust was formed in 1993 as a consequence of the passing of the Energy Companies Act 1992. The five Trustees hold the shares of Scanpower Limited on behalf of customers connected to the company’s electricity network. While the Trustees have no day-to-day input into the management of Scanpower, they are diligent in ensuring that the best interests of customers are served.

The Trustees appoint Directors to the company’s board. They also review in advance and approve the company’s annual Statements of Corporate Intent. These statements set out the guidelines that the company agrees to operate within, and its annual performance targets. The Directors report to the Trustees on a formal basis twice per year, in addition to providing monthly updates and board minutes.

The Trust works in harmony with the Directors to ensure that a secure and reliable supply of energy is delivered throughout the district at a price that is acceptable to the customer. The Chief Executive of the company attends meetings of the Trust in a relationship management capacity.

The Trust ensures the cost of electricity to customers is minimised by directing Scanpower to distribute any financial surplus back to the customers in the form of discounts on an annual basis. Scanpower Limited also pays a annual dividend to the Trust that is solely intended to cover its costs of operation.

The form of ownership of Scanpower is reviewed every five years.  The last review took place in 2016 and gave a 96.4% public approval rating for continued Customer Trust ownership.  A copy of the 2016 ownership review report can be downloaded on this page under section “Scanpower Customer Trust Documents”.  The next ownership review will be undertaken in 2023.

Scanpower Customer Trust is a member of the Energy Trusts of New Zealand. At ETNZ website (www.etnz.org.nz) are links to the sites of other customer trusts in New Zealand.

Elections for all positions on the Trust are held every three years. The next election will take place in April 2024.

Trustees

Keith Cammock. Keith has served as a trustee for 12 years. He has farmed in the Waitahora district of the Dannevirke area for 38 years and during that time has participated in a number of community interest groups.

Myles McKeefry (Chair).  Myles has farmed locally in the Dannevirke and Woodville areas for the past 22 years, having previously held roles with Ernst & Young, AMP, and Lion Nathan. He is a strong advocate of trust ownership and local representation as it relates to Scanpower Limited.

Rowena Bowie (Deputy Chair). Rowena is a Fellow Legal Executive and Practice Manager of a Dannevirke law firm. She has a young family and is a proactive participant in a range of a local community and sporting endeavours. Rowena has served on the Trust since 2012.

Jim Crispin. Jim is a Rural Real Estate Agent working for Property Brokers since 2015 but has been in Real Estate for 8 years in total. He has worked as a Banker for 42 years, has served as a Tararua District Councillor for a total of 5 terms between 1995 and 2019 and was also a former Scanpower Trustee for 8 years. Jim is keen to attract new business opportunities to the District and create new jobs and is concerned for the vibrancy of our District

Vacant Position. One position is currently vacant and will remain so until the next election is completed in April 2024.

 

Scanpower Customer Trust Disclosures

Statement of Corporate Intent 2023-2024

Date Created

11/05/2023

File Size

0.6MB

File Type

PDF

Deed of the Scanpower Customer Trust

Date Created

16/05/2023

File Size

0.4MB

File Type

PDF

Scanpower Ownership Review Report 2023

Date Created

19/12/2023

File Size

2.3MB

File Type

PDF

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