Trustpower faces $23m impact from trust ‘bombshell’, says analyst
Bay of Plenty consumers paying power premium to get trust cheque.
Hot Topic
EARNINGS
Trustpower could lose $15-$23 million a year in earnings if a proposal to wind-up the Tauranga Energy Consumer Trust goes ahead, says Forsyth Barr analyst Andrew Harvey-Green.
The trust owns 26% of Trustpower and pays dividends to the company’s customers in the Bay of Plenty, a relationship that
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Tim Hunter
Fri, 26 Jan 2018
Fri, 26 Jan 2018
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Trustpower faces $23m impact from trust ‘bombshell’, says analyst
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