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

Joseph Cederwall: Building a Community Newsroom

The “Scoop 3.0” Transition Plan
There is good reason to believe that a new path and a better future is possible for Scoop in 2019 as a pioneering independent Media company. A combination of new technology, ideas, institutions and business models and a renewed energy and commitment by the Scoop team, means Scoop aims to be at the forefront of the development of this renaissance that we term ‘News 3.0’.

By opening up Scoop’s structure to community ownership and exploring decentralised technology through the blockchain we can ensure the public has a stake in this enterprise and a say in its development. More>>

 

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

Text Messages Released: National On $100,000 Donation(s)
The Botany Electorate of the National Party received 8 donations, and Mr Ross declared 8 donations to us. More>>

ALSO:

Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>

ALSO:

Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>

ALSO:

Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels