The Taranaki Electricity
Trust was formed in 1993 at the time New Plymouth Energy merged
with the Taranaki Electricity Power Board. |
| Policy of Trust |
| Income The policy of the Trust is to distribute all of it's net income to suitable applicants by way of discretionary grants. By distributing funds to as wide a range of applicants as possible, it is hoped that the income will be returned to the community which originally built the power company. Capital The Trust's policy is not to distribute capital but could in exceptional circumstances in accordance with the Deed of Trust. |
| Meetings: |
| Monthly Meetings are held on the third Wednesday of the month at the TET Office. |
| Welcome to the Taranaki Electricity Trust |
The Taranaki Electricity Trust is now a Charitable
Trust. The Trust receives investment income and this is distributed
by way of grants to suitable applicants from the area previously
supplied by the Taranaki Electric Power Board. |
| Parties Eligible |
| Applicants may be organisations or individuals but generally would be expected to be from the old Taranaki Electric Power Board district. Individuals who apply would generally be expected to live in the area and in the case of an organisation, the project concerned would be expected to be in the appropriate area. An organisation which is applying may have its office outside of the area but in order to be eligible would have to show that members who are to derive the benefits reside in the Trust area. A grant would only be approved where there would be a benefit to people in the Trust area. |
| Trust Area |
| The Trust area is the area
previously supplied by the old Taranaki Electric Power Board (in other
words if power accounts were paid to Taranaki Electric Power Board
then this will be in the Trust area but if power accounts were paid
to New Plymouth Energy then this will be outside the area). The Trust area extends to past Uruti in North Taranaki, includes Waitara, Inglewood, Stratford, Eltham and extends as far south as Te Roti. South of the mountain the west boundary is Awatuna and the eastern boundary extends well inland past Whangamomona. Click here for a map of the exact area. |
©TET Trust 2005-2008, All Rights Reserved.