Powerco (formerly Manawatu Electricity Department until name change in1992) files created by PNCC as a majority shareholder in the company.
A merger with CentralPower was negotiated in 1993, which was shelved until 1996 whereupon the new bid succeeded. As a former shareholder in Powerco, PNCC sold CentralPower shares in 2000 for a consideration of $70M after CentralPower became a "lines" business in the wake of the Electricity Industry Reform Act of 1998, requiring companies to be either "lines" or "supply" businesses.
Powerco's files were donated from CentralPOwer to the Ian Matheson City Archives in 2000 with a considerable upfront payemnt towards the cost of storing the files in perpetuity.
Volume 2: Subject Files
Volume 3: Photographs