The company is owned by the City of Narvik (50.01%), DONG Energy (33.33%) and HelgelandsKraft (16.66%).

The company also established an electrical article store and installation division, but these were closed in 1995 and 1990, respectively.

In 2002 the Danish state enterprise Energi E2 (now DONG) bought a third of the company, through buying out Vesterålskraft, part of HelgelandsKrafts ownership and through an issue.

In 2003 the power grid was demerged into a Narvik Energinett and 49% sold to HelgelandsKraft.

In 2006 all the electrical production was concentrated in the wholly owned subsidiary Nordkraft.