TECT have an investment portfolio that includes a shareholding in Trustpower, and because you buy your power from Trustpower and live in the qualifying area* you become a beneficiary of TECT. TECT is a separate entity to Trustpower.
TECT has received a one-off special dividend from its Trustpower shareholding. The TECT trustees have agreed to distribute this unexpected windfall to beneficiaries via a special rebate and through grants to community groups. This is in addition to TECT's regular annual distribution.
*Qualifying Area - basically the territories of Tauranga City Council and WBOP District Council. (Formerly supplied electricity by Tauranga Electric Power Board or Tauranga Electricity Ltd). Only parts of Waihi Beach are eligible - includes Bowentown end to 106 Seaforth Road (104 Seaforth Road is not included in the TECT area).