The Trust will be wound up in 2073 (80 years after its formation) and its assets transferred to the local government authority or authorities in the Trust district[2] (at present this would be Auckland Council).
The remaining 24.9% of Vector shares are traded on the NZX Main Board stock exchange.
Mercury was the electricity distributor and retailer for Auckland, Manukau and Papakura.
AECT was the sole owner of Vector until 2005, when it allowed Vector to make a public float of 24.9% of its shares to raise capital to buy gas company NGC Holdings.
[citation needed] The right-leaning C & R – Communities and Residents ticket has dominated election results for the five trust seats in recent years, and under its previous names Citizens & Ratepayers NOW and Citizens & Ratepayers in earlier years.