Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Penalties for Vector show it’s time to change the Trustees

Commerce Commission penalties for Vector show why it’s time to change the Entrust Trustees

Today it was revealed that Vector, the Auckland lines company, will face Commerce Commission penalties for failing to deliver its contracted reliability service standards in the 2015 and 2016 financial years.

Entrust, the renamed Auckland Energy Consumer Trust, owns 75.1% of Vector and is elected by the power account holders in the old Auckland City, Manukau City and the northern part of Franklin. Voting papers for the Entrust trustee elections will be arriving in the post from tomorrow (11 October 2018).

"The penalties imposed by the Commerce Commission on Vector show that the Entrust trustees have been asleep at the wheel, on the Auckland electricity consumer priority of reliable power, while spending their time on infighting and plotting to sell off more of Vector" says Peter Neilson, economist, former cabinet minister and City Vision for Entrust Team Leader.

Peter Neilson called on the five current Entrust trustees, Cairns, Buczkowski, Carmichael, Hutchinson and Sherry to front up and explain;

Why did they allow Vector to under-perform its agreed reliability targets in both the 2015 and 2016 financial years?

Why did they then allow this poor performance to continue into the 2017 and 2018 years?

Why has the biennial report on Vector’s system reliability due to be published this year, not yet been tabled on the www.entrustnz.co.nz website? (the 2016 report had been published since 15 September 2016)



Auckland’s population is growing fast and major storms are becoming more frequent so new capital expenditure is required to maintain or improve our power reliability. We have never been so reliant on electricity but the current Entrust trustees have allowed Vector to drop the ball on electricity reliability for Auckland. During the 2018 April storms more than 200,000 Aucklanders found themselves without power. When that happened the Entrust trustees were again missing in action, making no media statements and not seeking any improvements from Vector, a total abdication of their responsibilities as trustees for the consumers.

While we have had another 3 years of infighting between the Entrust trustees, one trustee even taking another trustee other to court, they have completely dropped the ball when it comes to looking after keeping the lights on in Auckland.

A recent poll City Vision commissioned showed that 75% of Aucklanders agree with the statement “In your opinion, should Entrust, as majority owner of Vector, do more to ensure Vector makes sure Auckland’s power supply is better able to keep working in big storms and service is recovered faster?” Only 4% felt it was not important while 22% weren't sure.

The poll also finds there was massive loss and inconvenience caused by April's network failure: 90% of Aucklanders say the resilience of the power network, and its ability to work and be restored during and after big storms is important to them. 64% say extremely important.

"The Entrust trustees should apologise to Aucklanders for their poor performance over the past few years." says Mr Neilson

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

National Terrorism Threat Level Moves To Medium
Medium is defined as a terrorist attack is assessed as feasible and could well occur. The new level remains higher than it was before the 15 March terrorist attack when the threat level was low. More>>

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>

 

Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>

ALSO:

City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>

ALSO:

Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>

ALSO:

RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>

ALSO:

Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels