Power bill refund
King Country Electric Power Board customers are in for an unusual and pleasant surprise in the near future. The General Manager of KCEPB presented the board with a draft resolution last week which called for consumers to be given a 12 per cent refund on their electricity bills for the last fi-
nancial year. The refund will come in the form of a credit to customers' accounts. The resolution came about because of the board's 1986 decision to aim for a break-even trading result for the year, followed b y higher than expected interest yielded by the board's reserve and cash investments. In a letter to the board Mr Sanders said possi-
ble amalgamation and/or reorganisation of the industry could cause the dissipation of the reserves built up by the operating surplus to other districts or organisations. The operating surplus is estimated to be about $1.04 million. Giving consumers a refund would reduce this to a tax paid surplus of $124,000.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAIBUL19880322.2.6
Bibliographic details
Ngā taipitopito pukapuka
Waimarino Bulletin, Volume 6, Issue 236, 22 March 1988, Page 1
Word count
Tapeke kupu
164Power bill refund Waimarino Bulletin, Volume 6, Issue 236, 22 March 1988, Page 1
Using this item
Te whakamahi i tēnei tūemi
Ruapehu Media Ltd is the copyright owner for the Waimarino Bulletin. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ruapehu Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in