Powerco is descended from New Plymouth Energy, Taranaki Energy, the Hawera Gas Company and the Wanganui Electric Power Board as well as others. The energy-market reforms of the 1990s resulted in New Zealand's power industry split up and, in the case of electricity and gas distributors, sold off.
New Zealand now has two dual-energy distributors and Powerco is one of them. It's the country's largest electricity distributor by area and second-largest gas distributor. If you live on the North Island, you quite possibly get your electricity from Powerco, which it sources it from Transpower. You may also get your gas via Powerco, which sources it from a natural gas transmission system.
Powerco is headquartered in New Plymouth. It has branch offices in Palmerston North, Wellington and Tauranga. In 2018, Powerco had NZ$2.3b worth of assets, generated NZ$477 million in revenue and paid out NZ$56.8 million of dividends. Two Australian companies own Powerco. AMP Capital has a 42 per cent stake and Queensland Investment Corporation has a 58 per cent one.
The two companies Powerco is owned by are on the record as supporting diversity and inclusion. For example, the CEO of AMP Capital has stated, "The role of inclusion and diversity in driving business performance is compelling – beyond that, it is simply the right thing to do." Given this, it can be assumed Powerco takes an equal-opportunity approach to recruitment and promotion.
Powerco seeks to be "a reliable partner" that provides "safe, secure and resilient electricity and gas" to New Zealanders. It also aspires to deliver "New Zealand's energy future" while incorporating "good environmental, social and governance practices" into everything it does.
Particularly in recent years, Powerco has embraced sustainability. It now monitors its carbon footprint, seeks to minimise soil contamination when maintaining its substations and recycles much of the waste its operations generate. It also encourages staff and customers to use energy efficiently, promotes the use of electric vehicles and funds conservation initiatives.
Powerco encourages staff to get involved in their local communities and provides them with volunteer leave. Powerco supports good causes such as the Motor Neuron Disease Association, cycling safety programs, Manawatu's Rural Games, Masterton's Golden Shears event and the Powerco skate Park.
If you're considering a career at Powerco, you may wish to apply for a Summer Intern position. These are open to both university and high school students.
If you want to apply to Powerco's graduate programme, you'll need a Bachelor of Engineering (or a similar qualification), as well as the right to work in New Zealand. Powerco seeks to recruit people who are dedicated, passionate, curious, open-minded and team players.
To apply for a graduate or summer intern position, you'll need to wait for one to be advertised on the careers page of the company website. After that you should be ready for interviews and assessments.
If you get into the graduate programme, you'll have the opportunity to develop technical competence. You'll also be supported as you work towards becoming an Engineering New Zealand chartered engineer. You'll be partnered with both a senior engineer and a grad in the second year of the grad program. You could find yourself working in any or all of the following business areas:
Powerco is a company that cares for its employees. It promises all staff competitive salaries. Even better, graduates get a pay rise every six months to recognise their increasing contribution to the success of the business.
Powerco makes a four per cent company contribution to its workers' KiwiSaver accounts. Employees also get free fresh fruit, flu vaccinations and access to a range of health and wellness programs. As well as four weeks of annual leave and two weeks of sick leave, staff are offered study, parental and volunteer leave.
Powerco staff are offered development opportunities in the form of coaching, on-the-job learning, project involvement and secondments, as well as internal and external courses. Staff have performance discussions with their managers at least once a year. After these discussions, they update their Learning & Development plan with reference to what strengths, weaknesses and development opportunities have been identified. Support is provided to staff who wish to undertake a qualification (as long as it is relevant to their role and useful to Powerco).
Powerco is a Professional Development Partner of Engineering New Zealand.