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Auckland, July 31, 2017
Time is running out for residents in the Entrust District to update how they receive their Entrust dividend in September.
There is just a week left for people to return their forms if they want to change their payment method, or have changed electricity retailers or have moved. Updated forms are due back by August 7, 2017.
The Entrust dividend goes to more than 320,000 Auckland households and businesses – you are receiving this media announcement because your publication is distributed or is relevant to those in the Entrust District.
About Entrust
Entrust was formed as part of reforms to the electricity industry in 1993.
Entrust was originally called the Auckland Energy Consumer Trust or AECT.
In 2016, we changed our name to Entrust, a simple combination of energy and trust.
Our history began in 1993 when, as part of the electricity industry reforms, the Auckland Electric Power Board became a company called Mercury Energy.
A trust (called Auckland Energy Consumer Trust at that time) was set up to own the company and ensure that the power lines remained in control of the electricity consumers in the area that used to be served by the Auckland Electric Power Board.
Around the country, 29 other energy trusts were set up to own their former power boards too.
Energy industry changes
In 1998, the government made more changes to the industry, including splitting the energy sector into lines companies and retailers. This resulted in the retail business of Mercury Energy being sold to Mighty River Power (a state owned enterprise) and the lines business being retained and named Vector.
In 2002, Vector acquired UnitedNetworks, the lines company operating on the North Shore and in Waitakere.
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