The Trust has a significant role in our community… looking after consumers’ interests in Alpine Energy. The Trust owns 40% of Alpine Energy and pays its shareholder dividend to you.
The Timaru District Holding Limited on behalf of Timaru District Council owns 47.5%, the Waimate District Council owns 7.54% and the Mackenzie District Council owns 4.96% of Alpine Energy.
The Trustees distribute up to 90% of its profits, after deducting the Trust’s running expenses, by arranging a credit on consumers’ electricity accounts.
The Trustees appoint directors to the board of Alpine Energy Ltd. There are two directors (five in total) appointed by the trust and they retire by rotation once every three years.
Yes, the Trustees, together with the other shareholders, annually review the company’s ‘Statement of Corporate Intent’. This statement lays down the rules under which the directors operate.
Yes, you can look up the library of this website by clicking here and there you will find a copy of the Deed of Trust among other documents. You could also personally contact one of the elected Trustees by clicking here for contact details.
Managing the consumer shareholding in Alpine Energy Limited
South Canterbury
Address
Ford Simpson Ltd
Second Floor, 18 Woollcombe Street
PO Box 540, Timaru, South Canterbury
