TLC releases its 2026 Annual Report

17 September 2026

The Lines Company (TLC) has released its 2026 Annual Report, highlighting a year of continued investment in the electricity network, strong community outcomes and a growing focus on collaboration across the energy sector.

During the year, TLC invested $22 million in its network to improve reliability, resilience and safety for customers across the King Country, central plateau and Ruapehu regions. The company also returned $6.7 million (including GST) in discounts to beneficiaries of its shareholder, Waitomo Energy Services Customer Trust (WESCT).

Chief Executive Mike Fox said the year demonstrated the value of partnership in delivering better outcomes for customers, communities and the wider electricity sector.

“The electricity sector is facing increasing pressure to balance affordability, reliability and the significant investment needed for the future. We believe collaboration is key to meeting these challenges while continuing to deliver value for our communities,” said Fox.

The report highlights TLC’s Shared Platform and Services partnership with Counties Energy, ongoing investment in energy hardship initiatives, support for community resilience projects and continued funding for the Maru Energy Trust.

TLC also reported improved employee engagement, recognition as a finalist in the wellbeing category at the Energy Excellence Awards and an Innovation Award win for its pioneering use of helisaw technology for vegetation management.

“As a community-owned company, our focus remains firmly on the long-term wellbeing of our customers and communities. Community ownership allows us to invest back into our network, support initiatives that make a real difference and ensure we are creating value for future generations,” said Fox.

TLC is 100% owned by its shareholder WESCT on behalf of its beneficiaries and remains committed to growing communities with energy through its strategic focus on people, partnerships, community and exceptional asset management.