Vector Limited
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| Type | Public (NZX: VCT) |
|---|---|
| Predecessor | Mercury Energy |
| Founded | 1999 |
| Headquarters | Newmarket, Auckland, New Zealand |
| Industry | Energy |
| Services | Electricity distribution Natural gas processing Natural gas transportation Natural gas retailing LPG retailing Electricity and gas metering |
| Revenue | ▲ NZ$1,180,497,000 (2008)[1] |
| Operating income | ▲ NZ$407,561,000 (2008)[1] |
| Profit | ▼ NZ$172,334,000 (2008)[1] |
| Total assets | NZ$5,979,363,000 (2008)[1] |
| Total equity | NZ$1,901,324,000 (2008)[1] |
| Website | http://www.vector.co.nz/ |
Vector Limited (NZX: VCT) is a multi-network infrastructure company in New Zealand. It is the number one provider of electricity distribution, number one provider of gas transmission and distribution, number one provider of electricity and gas metering, number two wholesaler of LPG and number three wholesaler of natural gas. It also owns a fibre optic cable network.
Its customers hold 75.1% of its shares through the Auckland Energy Consumer Trust, and 24.9% of its shares are traded on the NZX. An annual dividend of $150–320 is paid to each customer in the Auckland Energy Consumer Trust area. The Trust's close relationship with the Vector board of directors has been under scrutiny by the media and the New Zealand Commerce Commission in recent years.[2]
[edit] References
- ^ a b c d e "Vector Limited 2008 annual report". http://thomson.mobular.net/thomson/7/2785/3462/. Retrieved on 2009-05-13.
- ^ "Switch off energy trust". New Zealand Herald. 24 December 2006.
[edit] External links
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