Southland Power Trust (SEPSCT)

In January 1998, the Government returned the ownership of the local electricity network to the people of Southland by establishing the Southland Electric Power Supply Consumer Trust.

The Trust holds all the shares in The Power Company Limited on behalf of consumers connected to the company’s network and distributes the benefits to these consumers.

The Government appointed the initial five Trustees, with subsequent Trustees elected by the electricity consumers.

While the Trustees do not have any direct involvement with the operation of The Power Company or PowerNet, they are responsible for appointing the Directors of The Power Company Limited, negotiating strategic direction and performance objectives with the Directors on behalf of consumers, and holding a public Annual Meeting of the Trust held every September.

Notice of Public Meeting

Notice is given that the 27th annual meeting of the Southland Electric Power Supply Consumer Trust will be held at 5.00pm on Wednesday, 4 September 2024 at the Ascot Park Hotel, Corner Tay Street and Racecourse Road, Invercargill.

The nature of the business to be transacted at the meeting is the:
1. Adoption of Minutes of the previous AGM held on 6 September 2023;
2. Consideration and Adoption of the Annual Report;
3. Consideration of the Annual Financial Statements of The Power Company Limited;
4. Consideration and Adoption of the Annual Consolidated Financial Statements for the Trust;
5. Fixing of Remuneration of the Trustees; and
6. Appointment of Auditor.

SIGNED by B Carlene,
Secretary on behalf
of the Trustees
Address for Service:
C/- Findex
173 Spey Street
Invercargill.

The following documents will be available at the meeting:
– The Audited Consolidated Financial Statements of the Southland Electric Power Supply Consumer Trust for the year ended 31 March 2024.
– The 2024 Annual Report of The Power Company Limited.
– The Statement of Corporate Intent of The Power Company Limited.
– The Southland Electric Power Supply Consumer Trust – Trust Deed.
Date: 14 August 2024

Trustees

Carl Findlater
Chair

Carl was elected as a Trustee in September 2013, and has served as Chair from 2018.

Stuart Baird

Stuart was elected as a trustee in September 2015.

Stephen Canny

Stephen is a business and strategic projects group manager.

Wade Devine

Wade was elected as a Trustee in September 2021.

David Rose

David was elected as a Trustee in September 2013.