Powerco Ltd/Electro Power (PNCC 00082)
UUID
2fe5e050-809e-4e48-94ce-edf360072796
Record Set Type
Series
Name
Powerco Ltd/Electro Power
Identifier
PNCC 00082
Date
1920/1996
Descriptive Note
Powerco files created by PNCC as a majority shareholder in the company. Formerly Manawatu Electricity Department until name change in 1992. Also known as Electro Power, designated by file numbers beginning EP.
A merger with CentralPower was negotiated in 1993, which was shelved until 1996 whereupon the new bid succeeded. As a former shareholder in Powerco, PNCC sold CentralPower shares in 2000 for a consideration of $70M after CentralPower became a "lines" business in the wake of the Electricity Industry Reform Act of 1998, requiring companies to be either "lines" or "supply" businesses.
Powerco's files were donated from CentralPower to the Ian Matheson City Archives in 2000 with an upfront payment towards the cost of storing the files in perpetuity.
Has Location
Ian Matheson City Archives
Created By
Structure
Volume 1: Agendas and Minues<br /> Volume 2: Subject Files<br /> Volume 3: Photographs
Record Resource Extent
12 boxes
Shelf Metres
1.1 meters
Group
Palmerston North City Council