WEL ENERGY TRUST
WEL Energy Trust was formed in 1993 as a one-third shareholder of WEL Networks Ltd, which is the electricity distribution business operating in the Waikato region. WEL Networks Ltd also holds an 85% shareholding in Waikato Networks Limited (WNL) which owns 100% of Ultrafast Fibre Limited (UFF). The Trust now holds 100% ownership of WEL Networks Ltd, with all customer shares being acquired in 1999. The Trust’s seven trustees are publicly elected every three years and hold these shares on behalf... of the community. WEL Energy Trust is a “Community Trust” (rather than a Consumer Trust), and under the founding documents the core purpose of the Trust is to ensure the success of the Company, WEL Networks Ltd. Surplus income received by the Trust can be distributed to beneficiaries in various ways, including through grants and other community investments.
WEL ENERGY TRUST
Founded:
1993-01-01
Status:
Active
Contact:
07 838 0093
Email Addresses:
[email protected]
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WEL Networks - Wikipedia
WEL Networks Limited is an electricity distribution company, serving the northern and central Waikato region of New Zealand. WEL is the sixth largest electricity distribution company in New Zealand, with 100,142 connections and 7,021 km (4,363 mi) of lines and underground cables. The company is 100% owned by the WEL Energy Trust. See details»
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WEL Networks is 100% community-owned by WEL Energy Trust and is based in Waikato with headquarters in Hamilton. WEL’s role is to design and maintain the safe, reliable, and efficient operation of electrical distribution assets and …See details»
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Contact Us Phone: 07 838 0093 Address: Mezzanine Floor, 127 Alexandra Street Hamilton, New Zealand 3204 P.O. Box 1336, Hamilton 3240See details»
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Aug 8, 2021 The Trust is soon to have a new staff member... Garry Mallett will start as Chief Executive on 16 August 2021. Garry is not unfamiliar with the Trust, having been a Trustee …See details»
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In Profile - Wel Energy Trust
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WEL Energy Trust Story - YouTube
This video tells the story of the Trust and the ways we invest in our community.See details»
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