| Details | |||
|---|---|---|---|
| Website | Powerco | ||
| Credit Agency Name | Credit Rating | Outlook | |
| Corporate credit rating(s) | Standard & Poors (S&P) | BBB | Stable |
| Description |
Powerco's business is in lines and pipes, the vital infrastructure that connects homes and businesses with the electricity and gas they need. It’s our job to manage and deliver a high quality, reliable supply of electricity and natural gas across our networks. No network company can guarantee an uninterrupted supply of energy to customers and our focus is to ensure our networks are operated safely and reliably through prudent, effective and efficient investments, maintenance and management. We don’t generate electricity, and we don’t sell it to you either. Think of us as the delivery people, transporting the energy for the retailer consistently and efficiently to ensure that you can count on having the energy you need all day, every day. Powerco is:
Powerco's energy distribution networks spread across the upper-central, central and lower areas of New Zealand's North Island. Our 415,000 consumers represent 46% of the country's gas connections and 16% of its electricity connections. Our experience with energy distribution in New Zealand spans more than a century. The business has grown and diversified immensely in the past 10 years from the amalgamations and acquisitions of various electricity and natural gas distribution and service companies. |