Unison opts for ownership status quo

The Hawke’s Bay Power Consumers’ Trust today released the recommendations from the latest ownership review of Unison, presently 100% owned by the Trust.

In the first step, the review is prepared by accounting firm PwC, who provide their analysis to the Directors of Unison. Those Directors consider the PwC report and make their own recommendation to the Trust.

Unsurprisingly, the Unison Directors have recommended continuation of the status quo … no change in ownership structure.

The Unison review and recommendation is now open for public comment and submissions until 16 October. The relevant PwC and Unison Directors’ reports can be found here.

Key dates ahead for the ownership review process:

• 15 September – Public submission process begins

• 15 September – 16 November HBPCT considers Unison Directors’ report and public
submissions

• 16 October – Public submissions close

• 10 November – Public meeting for oral presentation of submissions

• 17 November – Public meeting for the announcement of Hawke’s Bay Power
Consumers’ Trust decision on future ownership structure for Unison

Submissions can be sent either via email to [email protected] or via mail to Ownership Review, The Secretary, Hawke’s Bay Power Consumers’ Trust, PO Box 146 Hastings 4156, Note your name, address and property’s ICP number – available from their latest power account.

We’ll have more to say about the reports and recommendations, once fully digested. Stay tuned.