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{{short description|New Zealand electricity and gas distribution company}}
{{Use New Zealand English|date=April 2024}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name
| logo
| type
| genre
| fate
| predecessor
| successor
| foundation
| founder =
| | location_country = [[New Plymouth]], New Zealand
| location =
| locations =
|
|
| industry = [[Energy industry|Energy]]
|
| services = [[Electricity distribution]] <br /> Natural gas distribution
|
| operating_income =
| net_income =
| |
|
| num_employees = 520 full-time equivalent
| parent =
| divisions =
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| homepage = [http://www.powerco.co.nz/ www.powerco.co.nz]
|
}}
'''Powerco''' is the largest dual-energy distribution company in [[New Zealand]] by length, and is one of only two dual-energy (electricity and gas) distributors in the country.
Its networks are located in the North Island of New Zealand.
Powerco is owned by Australian companies [[Queensland Investment Corporation]] and [[AMP Limited]].<ref>{{cite web| url=https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/2185529/shareholdings| title=Powerco NZ Holdings Limited| work=Companies Register| accessdate=14 August 2020}}</ref>
==Business==
Powerco is a dual-energy distributor. Its role is to bring the gas and electricity delivered by the transmission networks [[Transpower New Zealand|Transpower]] (for electricity) and [[First Gas|Firstgas]] (for gas) from the gas fields and power stations where it's generated, through its distribution networks, to customers.
Powerco owns and operates 28,935 km of electricity lines and cables, and 6,227 km of gas pipes. Over 900,000 customers are connected to its networks across 345,000 individual electricity connections and 112,000 individual gas connections.
Its electricity network
* Coromandel to South Waikato
* Bay of Plenty: Tauranga and Mount Maunganui
* Taranaki
* Whanganui and Rangitīkei
* Manawatū
* Wairarapa
*
* Hawke's Bay
* Manawatū
* Porirua and Hutt Valley
* Wellington
== Key dates ==
* April 1993 - New Plymouth Energy (the electricity division of the [[New Plymouth District Council]]) merges with Taranaki Electricity (former Taranaki Electric Power Board) to become Taranaki Energy Limited.<ref name="archive20010511">{{cite web |url=http://www.powerco.co.nz/about/story.htm |title=Powerco Limited |website=www.powerco.co.nz |access-date=12 January 2022 |archive-url=https://web.archive.org/web/20010511053541/http://www.powerco.co.nz/about/story.htm |archive-date=11 May 2001 |url-status=dead}}</ref>
* 1994 - Taranaki Energy acquired the Hawera Gas Company.<ref name="archive20010511"/>
* October 1995 - Taranaki Energy Limited merges with Wanganui-based Powerco (the former Wanganui Electric Power Board) to become
* September 1997 - Powerco acquires Hawera based Egmont Electricity.<ref name="archive20010511"/>
* April 1998 - Government pass Electricity Industry Reform Act. PowerCo decided to become a "network business" (or lines company), and the following changes are made:
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** Powerco purchases Wairarapa Electricity's network business (formerly part of the Wairarapa Electric Power Board)
* August 2000 - Powerco merged with CentralPower (itself formed by the merger of CentralPower (for former Manawatu-Oroua Power Board) and ElectroPower, the former electricity division of Palmerston North City Council).<ref name="archive20010511"/>
* June 2001 - Powerco purchases the Hutt Valley and Porirua gas networks from [[AGL Energy|AGL]].<ref>{{cite web |url=http://www.powerco.co.nz/0,2480,FF.htm |title=Powerco Purchases AGL Hutt Valley and Porirua Basin Gas Network |website=www.powerco.co.nz |access-date=12 January 2022 |archive-url=https://web.archive.org/web/20030227164137/http://www.powerco.co.nz/0,2480,FF.htm |archive-date=27 February 2003 |url-status=dead}}</ref>
* February 2002 - Powerco purchases the
* 2004 - Powerco purchased Siemens Energy Services' Tauranga based contracting division
* November 2005 - Powerco sold its New Zealand field services contracting business to Tenix Alliance
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==Electricity network statistics ==
{| class="wikitable"
|-
|+ Powerco electricity network statistics as of 31 March 2022<ref name="Disclosure">{{cite web |date=2022 |title=Electricity disclosure 1 April 2021 - 31 March 2022 |url=https://www.powerco.co.nz/-/media/project/powerco/powerco-documents/who-we-are---pricing-and-disclosures/disclosures/electricity-disclosures/5-electricity-information-disclosure-financial-and-technical/electricity-disclosure-1-april-2021---31-march-2022.pdf |accessdate=7 October 2018}}</ref>
|-
! rowspan=2| Parameter
! colspan=4| Value
|-
! Total network !! Eastern network <br /><small>(Tauranga, Coromandel and South Waikato)</small> !! Western network <br /><small>(Taranaki
|-
| Total circuit length || 28,935 km || 10,993 km || 17,942 km
|-
| 50kV and 66kV || 169 km || 169 km || –
|-
|
|-
| 22 kV || 122 km || – || 122 km
|-
| 6.6kV to 11kV || 16,781 km || 6,051 km || 10,730 km
|-
| [[Single wire earth return]] (SWER) || 92 km || 69 km || 23 km
|-
| Low voltage (<1kV) || 10,159 km || 4,172 km || 5,986 km
|-
| Street lighting || 3,067 km || 1,689 km || 1,378 km
|-
| Customer connections || 345,000 || ||
|-
| System maximum demand || 986 MW || 526 MW || 464 MW
|-
| System electricity delivered || 4,994 GWh || 2,734 GWh || 2,260 GWh
|}
==Gas network statistics ==
{| class="wikitable"
|-
|+ Powerco gas network statistics as of 30 September 2022<ref name="Disclosure_Gas">{{cite web |title=Gas disclosure 1 October 2021 - 30 September 2022 |url=https://www.powerco.co.nz/-/media/project/powerco/powerco-documents/who-we-are---pricing-and-disclosures/disclosures/gas-disclosures/2-gas-information-disclosure-financial-and-technical/fy22-gas-disclosure-1-october-2021-30-september-2022.pdf |accessdate=7 October 2018}}</ref>
|-
! rowspan=2| Parameter
! colspan="2" | Value
|-
! Total network
|-
| Total pipeline length
| 6,227 km
|-
| Intermediate pressure (700–2000 kPa) || 274 km
|-
| Medium pressure (7–700 kPa) || 5,940 km
|-
| Low pressure (<7 kPa) || 14 km
|-
| Customer connections ||
|-
| System maximum demand
|-
| System
|}
==References==
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==External links==
*
{{Electricity companies in New Zealand}}
[[Category:
[[Category:Oil and gas companies of New Zealand]]
[[Category:Energy companies established in 1999]]
[[Category:New Zealand companies established in 1999]]
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