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.