Ownership
Vector is a New Zealand based energy infrastructure business proudly serving Auckland communities and advocating for an effective infrastructure sector. We are committed to being the country’s best energy solutions company. Entrust is Vector’s majority shareholder on behalf of its beneficiaries in central, east and south Auckland.
Entrust (formerly the Auckland Energy Consumer Trust or AECT) is a consumer trust that holds a 75.1% shareholding in Vector. The remaining shares are held by private investors and are publicly traded on the NZX under the ticker code VCT.
Entrust’s purpose is to manage its investment in Vector and distribute dividends to eligible beneficiaries in the Entrust area. As a private trust, it is set up to do this until 2073.
Vector delivers consistent returns to shareholders and, through its ownership model, also provides a significant annual return to Entrust.
What Entrust is doing to help
As the majority owner of Vector, Entrust has an agreement that commits Vector to spend at least $12.5 million every year on projects in the Entrust district.
This fund has historically been used for underground projects in the Entrust district and has recently been extended to include new technology such as EV charging stations, solar and batteries.
So far, over 300 undergrounding projects have been completed, and power lines have disappeared from streets in neighbourhoods all over Auckland, Manukau and northern Papakura.
To view information about these projects including when they were finished, how many people they benefited and what the project covered, click here.
