What does TECT do?
TECT’s income and capital is used to provide benefits to Consumers during the term of the Trust. Our "Consumers" (approximately 62,000) are TrustPower account holders basically in Tauranga City and the Western Bay of Plenty District.
TECT’s priority is the cheque distributions it makes direct to its 62,000 Consumers annually.
TECT has distributed over $195 million direct to Consumers since 1994 and the minimum amount has grown from $20 per Consumer in 1994 to $385 in 2012. The annual distribution is of significant benefit to Consumers and provides a huge cash injection to the local economy.
TECT also makes grants and donations to non-profit community organisations throughout Tauranga and the Western Bay of Plenty each year. The Trust makes grants in the education, arts, sport, recreation, environment, energy efficiency, heritage, health and social services areas. We take a keen and active interest in our grant recipients to ensure that the funding truly benefits the wider community.
