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TECT proposes structural change to long-term community trust to protect rebate cheques 18 Feb, 2021 06:34 PM 4 minutes to read Tauranga business leaders are calling a proposed Tauranga Energy Consumer Trust (TECT) structural change the only realistic direction to ensure 49,000 local Trustpower customers hold on to biannual rebate cheques. Trustpower announced last month the possible sale of its retail arm, putting a question mark over the future of TECT cheque rebates. The TECT is a 26.8 per cent shareholder in the company. TECT s proposed change would allow it to retain funds to continue the cheques for up to $500 a year for the next 30 years. ....
Uncertainty for Tauranga workers as Trustpower considers selling retail business 28 Jan, 2021 05:00 PM 6 minutes to read More than 450 Tauranga workers face months of uncertainty as major city employer Trustpower considers selling its retail business. Trustpower announced a strategic review of its retail electricity, gas and broadband business yesterday. The announcement also put a question mark over the future of TECT cheque rebates from the Tauranga Energy Consumer Trust, a 26.8 per cent shareholder in Trustpower. Trustpower, headquartered in Durham St, said its review would test market interest in the business while also exploring the merits and business case to establish a standalone generation business . ....