"This should not happen,' said WorkSafe chief inspector Keith Stewart.
"Working near live components is a well-known hazard in the industry, and risks should be appropriately managed to protect the workers."
Each company was charged under section 163D of the Electricity Act 1992 with intentionally or negligently causing or permitting work to be done in a manner dangerous to life.
Wellington Electricity Limited was fined $26,000 and Northpower was fined $30,000.
The two companies had previously voluntarily paid the worker $20,000 after a restorative justice hearing.
Wellington Electricity was ordered to pay a further $4030 and Northpower a further $6000 in reparations to the worker, bringing total reparations to $30,030.