Total equity $343m Revenue 210 million USD Net income 27 million USD | Founded 1924 Total assets 721 million USD | |
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Industry Electricity distribution Predecessor Hawke's Bay Electric Power Board Key people Kevin Atkinson (Chair)Ken Sutherland (CEO) Parent Hawke's Bay Power Consumers' Trust Subsidiaries Centralines Limited, Unison Insurance Limited Areas served Hawke's Bay, Rotorua, Taupo | ||
Unison Networks Limited (Unison) is an electricity distribution and fibre optic network company, based in Hastings, New Zealand.
Contents
Unison owns and manages the electricity lines network and the fibre optic network in the Hawke's Bay, Rotorua and Taupo regions. The service area covers 12,000 km2. The Unison group also provides electrical, fibre, civil and vegetation contracting services, manufactures electrical products and operates an insurance company.
Ownership
The company is 100% owned by the Hawke's Bay Power Consumers' Trust on behalf of electricity consumers in the Hawke's Bay area. The Trust is made up of five elected Trustees, and operates under a Trust Deed.
Distribution network
The Unison subtransmission and distribution network is supplied from the national grid via Transpower substations. Seven Transpower grid exit points (GXPs) supply the Unison network: Redclyffe, Fernhill and Whakatu for Napier-Hastings, Wairakei for Taupo, and Rotorua, Owhata and Takurenga for Rotorua.
Network performance
Unison reported the normalised performance of the network for the 2014/15 year as follows:
History
Early in the twentieth century, electricity generation and distribution was managed by local councils or municipal departments. An electricity network was established in Hastings in 1912, with a power house in Eastbourne Street. Following changes to national legislation, the Hawke's Bay Electric Power Board was formed in 1924.