Subsidiary companies

Transpower New Zealand Limited and its subsidiary companies are collectively known as the Transpower Group. The Transpower Group contains the following subsidiary companies:

Halfway Bush Finance Limited

TB and T Limited

These companies were formed during the 2003 cross-border lease transaction and do not undertake trading activities. Their purpose is to hold assets on behalf of the Transpower Group.
Risk Reinsurance Limited Risk Reinsurance is Transpower’s captive insurance subsidiary. It is the primary insurer on the Transpower Group’s material damage and cables insurance programmes (both electricity and fibre optic). Risk Reinsurance reinsures a portion of this risk with third party insurers.
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The subsidiaries are all New Zealand registered companies, apart from Risk Reinsurance Limited which is registered in the Cayman Islands.