	In 2018, Trustpower and King Country Electric Power Trust (KCEPT), assumed full ownership of King Country Energy Limited (KCE). This is the outcome of a joint venture takeover made by a wholly owned subsidiary of Trustpower and KCEPT, initiated in December 2017, that sought to acquire the balance of KCE's ordinary shares at $5 per share. Trustpower now controls 75% of KCE, with KCEPT controlling the remaining 25%. KCE sold its retail business to Trustpower in July 2018.