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14th February 2003

$6 MILLION DOLLAR NORTHPOWER LINE CHARGE HOLIDAY

Northpower is giving a $6 million dollar "Northpower line charge holiday" to all customers connected to it lines as at midnight 11^th February 2003.

The line charge holiday will appear on the customer's electricity account that includes the 14^th of February 2003 as part of the billing period.

The majority of all Northpower Network customers (who use between 2,000 - 15,000 units per annum) will get a credit of $120 on their electricity account. Small users (less than 2000 units per annum) will receive $50. Large users (greater than 15000 units per annum) will receive $195.

The amount is a credit applicable only to the electricity account and is not available to be refunded.

All electricity customers in Northpower's area will get the Northpower line charge holiday regardless of who their Electricity Retailer is.

Northpower Chairman Warren Moyes said that Northpowers Line and Contracting businesses are performing successfully. The company is well placed to give this amount to our Network customers.

Customers connected to Northpower's lines will save a total of $6 Million on their electricity charges. This amount is what Northpower would have expected to receive for maintaining and operating the lines, transformers, and poles for two and a half months.

Mr Moyes said that the success of Northpower is closely tied to the growth and prosperity of Northland. Northpower can do its best for both the Company and Northland by providing electricity customers with a reliable hassle free service at the right price. Our line charges are already below the average of all the lines companies in New Zealand and this credit will further add to the growth and prosperity of Northland.

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