- Transpower New Zealand Limited
Transpower New Zealand Limited (TPNZ) is the
state-owned enterpriseresponsible for electric power transmissionin New Zealand. Transpower performs two major functions in the New Zealand Electricity Market. As the gridowner it provides a platform for competition among electricity generationcompanies and as system operator it manages the real time operation of the grid. In the latter capacity it is similar to the Independent System Operatorestablished by FERCin the United States.
Transpower was formed as a wholly owned subsidiary of the
Electricity Corporation of New Zealand(ECNZ) in 1987. In 1994, it was separated from ECNZ and corporatised to become a state-owned enterprisewith its own board of directors and Ministerial shareholders. The shareholders are the Minister of Finance and the Minister of State Owned Enterprises.
* [http://www.transpower.co.nz Transpower]
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