Transpower New Zealand

Transpower New Zealand Limited

Company type	State-owned enterprise
Industry	Electricity transmission
Founded	1994; 30 years ago (1994)
Headquarters	Wellington , New Zealand
Key people	Dr Keith Turner, Chairman Alison Andrew, Chief Executive
Revenue	NZ$1,061.1 million[1]
Total assets	NZ$5,597.5 million employed[1]
Total equity	NZ$1,481.3 million[1]
Website	www.transpower.co.nz

Transpower New Zealand Limited (TPNZ) is the state-owned enterprise responsible for electric power transmission in New Zealand. It performs two major functions in the New Zealand electricity market. As the owner of the National Grid it provides the infrastructure of electric power transmission that allows consumers to have access to generation from a wide range of sources, and enables competition in the wholesale electricity market; as system operator it manages the real-time operation of the grid and the physical operation of the electricity market.

Transpower was initially formed as an operating division of the Electricity Corporation of New Zealand (ECNZ) in 1987. In 1994 it was separated from ECNZ and corporatised to become a state-owned enterprise with its own board of directors and ministerial shareholders, the Minister of Finance and the Minister of State-Owned Enterprises. The New Zealand Treasury's Commercial Operations group (formerly the Crown Ownership Monitoring Unit) monitors the performance of Transpower on behalf of the shareholding ministers.^[2]