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Our history

The Trust’s origins hail from the Energy Companies Act of 1992, and the Electricity Industry Reform Act of 1998, requiring power boards to be incorporated, allowing communities to determine how the shares in the new energy companies were held.

Many communities, including Central Lakes allocated shares into a Trust. While many Trusts retained their lines business, with the 1998 reforms, Otago Central Electric Power Trust sold their lines business and retained the generation business (now Pioneer Energy), bestowing these assets in Central Lakes Trust. Pioneer forms part of our investment portfolio powering our grants.

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