Story: State-owned enterprises

Selling electric power

Selling electric power

The sale of state-owned electricity assets to a new state-owned enterprise, the Electricity Corporation of New Zealand (Electricorp or ECNZ), took place in April 1988. It was celebrated by the symbolic handing over of a cheque for $6.3 billion to Minister of State-owned Enterprises Richard Prebble and Finance Minister Roger Douglas. Electricorp chairman John Fernyhough is on the right. Electricorp was easily the largest of the state-owned enterprises created in the late 1980s.

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Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1988/1693/20a
Photograph by Ross Giblin

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Rob Laking, 'State-owned enterprises - State-owned enterprises’ performance', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/32682/selling-electric-power (accessed 19 October 2019)

Story by Rob Laking, published 20 Jun 2012, updated 17 Feb 2015