Transforming our community together
Thank you for your feedback on the special distribution. Feedback closed 4.00pm Monday 20 May.
TECT received a one-off special dividend of $21M from its Trustpower shareholding. In addition to TECT’s regular annual rebate, the TECT Trustees agreed to distribute this unexpected windfall, and sought feedback from consumers on how this could be distributed.
The current distribution policy is that approximately 80% of distributions are to go direct to eligible consumers, with the balance distributed through the grants programme.
This special distribution offered a unique opportunity to make a transformational difference in our community. The Trustees developed three potential options targeted at providing long-lasting significant outcomes in our community.