Trustee Election Results
2018 Timaru Area

I therefore declare Peter BINNS, Karen MCCROSTIE and Hugh PERRY to be elected as the Trustees for the Timaru area of LineTrust South Canterbury.

The voter return percentage was 23.62%, being 4,897 returned voting papers received from 20,733 eligible electors.

Dated at Timaru this 12th day of October 2018.

Michael Boorer
Returning Officer – LineTrust South Canterbury
michael.boorer@alpineenergy.co.nz
03 687 4312

The result for the election of Trustees for the Timaru area of LineTrust South Canterbury that closed on Thursday 11h October 2018 is:

Timaru Area - Election of THREE (3) Trustees

Candidates
Votes Received
MCCROSTIE, Karen
3,408
BINNS, Peter
3,271
PERRY, Hugh
2,269
WHITLEY, Stan
1,500
MCCOY, Steve
1,202
WESTGARTH, James
1,001
VALENTINE, James
790
INFORMAL
5
BLANK VOTING PAPERS
4

The Trustees Role

Five persons elected from the community operate the Trust. Elections are held every three years. Every LineTrust SC beneficiary can vote or run for election themself.

The Trustees, acting on behalf of the beneficiaries, and in accordance with the Trust Deed, are responsible for ensuring that the Trust operates according to its key roles and all its regulatory and legal requirements. In practice, the Trustees:

Set and distribute the dividend to the Trust’s beneficiaries.
Propose and with other shareholders, appoint Alpine Energy's board of directors. There are currently five members on the board.
Approve all major transactions undertaken by Alpine Energy.
Manage the Trust’s funds.
Communicate with beneficiaries and the general public on the Trust’s activities.
Monitor and address regulatory issues affecting Alpine Energy's, the Trust and beneficiaries.
Get involved in energy matters in the interests of Alpine Energy's, our consumers and beneficiaries.
Take a proactive role in ensuring security of supply for our customers.
Monitor prices of Alpine Energy's Electricity services in the Trust district and ensure these do not exceed the agreed pricing policy.