Your chance to have a say on the future ownership structure of Unison

Every five years, Hawke’s Bay Power Consumers’ Trust reviews the ownership structure of Unison Networks, considering proposals and available options for the future ownership of the shares in the company. It’s underway now, and here’s how you can get involved.

There are two reports available with information that HBPCT will consider:

1. An independent report from Price Waterhouse Coopers (PwC) that analyses the performance of Unison under HBPCT ownership, and reviewing various ownership options set out in the Trust deed

2. A report from Unison Directors commenting on the various ownership options and giving their opinion on the most appropriate form of ownership.

Both are available at www.hbpct.co.nz together with other information about the review including FAQs.

The key outtake from the PwC report is the “Unison has performed well as a consumer owned business”. The key outtake from the Unison Directors’ report is that “Unison Directors unanimously support retention of HBPCT ownership”. However, it is important that you read these documents yourself.

If you are interested in participating in the review, we encourage you to read the reports, consider the options, and make a written submission on the Unison Directors’ report.

As Trustees it is our job to consider the Unison Directors’ report and submissions from power consumers in our decision-making process. You can make a submission any time until 16 October, via post or email. There will be a public meeting on 10 November for submitters to present their submissions to HBPCT Trustees, followed by a meeting on 17 November where HBPCT Trustees will announce their decision on Unison’s ownership structure.

The Unison network is an intergenerational asset that has, and can continue to benefit our communities for decades to come.

What: Unison ownership review
Public submission period: to 16 October
Read the reports: www.hbpct.co.nz

Make a submission: via email or post to reach us before 16 October noting your name, address and property’s ICP number – available from your latest power account. All submissions should be clearly marked “Ownership Review” and sent

Via email to: hbpct@bwr.co.nz

Or via post:
The Secretary
Hawke’s Bay Power Consumers’ Trust
PO Box 146, Hastings 4156

Public meetings:
Presentation of written submissions: 10 November
Decision announced: 17 November

We encourage you to get involved, and tell us what you think.