[vc_row][vc_column][rev_slider_vc alias=”homepage_hero”][/vc_column][/vc_row][vc_row][vc_column width=”3/4″][vc_column_text]King Country Trust (previously the King Country Electric Power Trust) is an electricity trust, created under the Electricity Industry Reform Act. Beneficiaries are electricity consumers connected to the lines network within the area where the King Country Electric Power Board was licensed to supply. The beneficiaries elect the Trustees. Elections of Trustees take place every two years with two or three Trustees standing down for each election. A board of directors govern the electricity company and there’s an interface between the Trustees and the directors. The electricity company pays dividends to its shareholders, including the Trust. Those dividends support distributions for the benefit of the consumer beneficiaries.
The electricity company shares that the Trust holds forms the base investment. The Trust has changed its nature and shareholdings over time but it currently owns 25% of King Country Energy Ltd (KCE). It also has a diversified share portfolio, which was developed using professional independent advice. Money comes into the Trust from interest, term deposits, general shares and dividends from the KCE shareholding.[/vc_column_text][/vc_column][vc_column width=”1/4″][vc_single_image image=”413″ img_size=”full” onclick=”custom_link” img_link_target=”_blank” link=”https://kcpowertrust.co.nz/wp/wp-content/uploads/2019/02/20-History-Book-Flyer.pdf”][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”grad” bg_grad=”background: url(data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjxkZWZzPjxsaW5lYXJHcmFkaWVudCBpZD0iZ3JhZGllbnQiIHgxPSIwJSIgeTE9IjAlIiB4Mj0iMCUiIHkyPSIxMDAlIj48c3RvcCBvZmZzZXQ9IjAlIiBzdHlsZT0ic3RvcC1jb2xvcjojOTlCREU5OyIgLz48c3RvcCBvZmZzZXQ9IjEwMCUiIHN0eWxlPSJzdG9wLWNvbG9yOiMwNTM4NkI7IiAvPjwvbGluZWFyR3JhZGllbnQ+PC9kZWZzPjxyZWN0IGZpbGw9InVybCgjZ3JhZGllbnQpIiBoZWlnaHQ9IjEwMCUiIHdpZHRoPSIxMDAlIiAvPjwvc3ZnPg==);background: -webkit-gradient(linear, left top, left bottom, color-stop(0%, #99BDE9), color-stop(100%, #05386B));background: -moz-linear-gradient(175deg,#99BDE9 0%,#05386B 100%);background: -webkit-linear-gradient(175deg,#99BDE9 0%,#05386B 100%);background: -o-linear-gradient(175deg,#99BDE9 0%,#05386B 100%);background: -ms-linear-gradient(175deg,#99BDE9 0%,#05386B 100%);background: linear-gradient(175deg,#99BDE9 0%,#05386B 100%);” css=”.vc_custom_1528873690852{padding-top: 50px !important;padding-bottom: 50px !important;}”][vc_column width=”1/4″][stat_counter icon_type=”custom” icon_img=”17″ img_width=”80″ counter_title=”Power Stations” counter_value=”5″ speed=”2″ el_class=”roboto” counter_color_txt=”#ffffff” title_font_size=”desktop:25px;” desc_font_size=”desktop:70px;”][/vc_column][vc_column width=”1/4″][stat_counter icon_type=”custom” icon_img=”14″ img_width=”80″ counter_title=”Trust Funds” counter_value=”46.5″ counter_suffix=”m” speed=”6″ el_class=”roboto” counter_color_txt=”#ffffff” suf_pref_font_color=”#ffffff” title_font_size=”desktop:25px;” desc_font_size=”desktop:70px;” suf_pref_font_size=”desktop:60px;”][/vc_column][vc_column width=”1/4″][stat_counter icon_type=”custom” icon_img=”15″ img_width=”80″ counter_title=”Trustees” counter_value=”5″ speed=”2″ el_class=”roboto” counter_color_txt=”#ffffff” title_font_size=”desktop:25px;” desc_font_size=”desktop:70px;”][/vc_column][vc_column width=”1/4″][stat_counter icon_type=”custom” icon_img=”16″ img_width=”80″ counter_title=”Beneficiaries” counter_value=”9909″ speed=”8″ el_class=”roboto” counter_color_txt=”#ffffff” suf_pref_font_color=”#ffffff” title_font_size=”desktop:25px;” desc_font_size=”desktop:70px;” suf_pref_font_size=”desktop:60px;”][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^194|url^https://kcpowertrust.co.nz/wp/wp-content/uploads/2018/06/103_KCE_4May2011.jpg|caption^Wairere Power Station. Wednesday 4 May 2011. Photo: Stephen Barker/Barker Photography. ©KCE King Country Energy|alt^null|title^103_KCE_4May2011|description^null” bg_image_repeat=”no-repeat” css=”.vc_custom_1529365557546{padding-top: 150px !important;padding-bottom: 150px !important;}”][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text css=”.vc_custom_1531450358175{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: rgba(255,255,255,0.6) !important;*background-color: rgb(255,255,255) !important;}”]
Mission Statement
To own shares in King Country Energy (KCE) and other investments and make distributions for the benefit of the consumer/beneficiaries. To maintain, grow and enhance these investments/distributions. To maintain integrity regarding a moral obligation to the consumer beneficiaries.
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