Power bonus on way
Householders should expect a small discount on their next power bill, thanks to another positive result from the South Canterbury Lines Trust.
The trust's annual report revealed a before-tax surplus of $3.05 million for the year ending August, only slightly down on the previous year's $3.09 million.
Trust chairman Grant Eames said the result meant Alpine Energy customers would each get a $47 dividend in their next power bill. "It's been another steady year. When the discount arrived will depend on how a consumers' billing is structured," he said.
South Canterbury Lines Trust is a 40 per cent shareholder in Alpine Energy. The other shareholders are the Timaru (47.5 per cent), Waimate (7.5 per cent) and Mackenzie (5 per cent) district councils.
Mr Eames said the trust's "Healthy Homes" initiative, launched in 2006, continued to be successful. It had retro-fitted more than 2000 pre-1978 homes, and he expected another 400 to be completed in the next year.
- © Fairfax NZ News