	By 1998 the addition of the Tauranga City's customers meant that new company was supplying 96,513 customers. In 1998 the state-owned Electricity Corporation of New Zealand sold five of its smaller hydro stations, of which Trustpower purchased Coleridge (NZ$91 million), Highbank/Montalto ($37 million) and Matahina ($115 million) hydro power stations.