Purpose of the Trust

The Trustees must manage the Trust Fund in accordance with the Purpose of the Trust, as set out in the Trust Deed - that the Trustees apply the Trust Fund for or towards energy related purposes for consumers.

The energy related purposes relate to some aspect of the beneficial use, application or enjoyment in the District (former Bay of Plenty Electric PowerBoard area), of New Zealand's energy resources, including:

a) Improvements to the safety of the general public by removing road and overhead hazards caused by above ground electricity supply support systems in the district;

b) Improvements to the supply of electricity to the general public in rural or remote areas of the District by replacing inadequate or unreliable supply systems;

c) Avoiding, remedying or mitigating any adverse affects of energy related activities in the District on the environment;

d) Promoting research into more efficient ways of producing and distributing electrical energy for the benefit of the general public in the District including the awarding of research scholarships or prizes and the funding of research and development projects;

e) The provision of financial assistance to persons in the District to enable them to make better use of energy resources available to them or to subsidise the cost to such persons of existing supplies of energy.

 

'Energising our community'.

 

VISION

Eastern Bay of Plenty:- a community energising its own future