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Electra Limited

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Electra Limited is an is an electricity distribution company based in Levin, New Zealand. It manages electricity lines in the Kāpiti and Horowhenua districts of New Zealand. The company was formed in 1992 after the Energy Companies Act 1992 required the Horowhenua Electric Power Board to reform into a commercial power company.[1] Initially known as Horowhenua Energy, the company later changed its name to Electra. More reforms in 1998 required electricity companies nationally to split their lines and retail businesses,[2] with Electra retaining its lines business and selling its retail business to Contact Energy.[3]

The company is 100% owned by the Electra Trust on behalf of electricity consumers in the Kāpiti and Horowhenua districts.[4] The trust consists of six trustees elected for staggered four-year terms, with three facing election every two years.[5] The most recent election was held in 2024.[6]

In 2020 the company acquired a 49% share in the Quail Ridge Country Club retirement village in Kerikeri, Bay of Islands.[7] It acquired the remaining 51% in 2023. It sold the investment in 2024 at a significant financial loss.[8]

In 2023 the company sold its alarm-monitoring subsidiary to ADT New Zealand.[9]

See also

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References

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  1. ^ "Power boards promote community ownership". Press. 22 August 1992. p. 10. Retrieved 16 November 2025 – via Papers Past.
  2. ^ Kalderimis, Daniel (2000). "Pure Ideology: The 'Ownership Split' of Power Companies in the 1998 Electricity Reforms" (PDF). Victoria University of Wellington Law Review. 31 (2): 255.
  3. ^ "Power firm Electra sells its energy side". Manawatu Standard. 5 October 1998. p. 1 – via EBSCOHost.
  4. ^ "Electra Trust". Retrieved 20 December 2025.
  5. ^ "Trustees". Electra Trust. Retrieved 20 December 2025.
  6. ^ "2024 Trustee Election" (PDF). Electra Trust. 7 June 2024. Retrieved 20 December 2025.
  7. ^ "Electra Buys Into Exclusive Retirement Community In Kerikeri". Electra. 5 May 2020. Retrieved 20 December 2025.
  8. ^ "Tut-tut says A-G after Electra trashes $17.2m". NBR. 24 June 2025. Retrieved 20 December 2025.
  9. ^ Paul Williams (8 November 2023). "Electricity distribution company Electra to sell off security customer monitoring business". Horowhenua Chronicle. Retrieved 20 December 2025.
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