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


First Day Entrust Election Voters Well Up On 2015

The returning officer for the Entrust trustee’s election has reported a first day vote count of 3078 way more than the 471 recorded on the first day of voting back in 2015. (There are nearly a further 9 days before postal voting closes for the 302,000 eligible voters to vote but if you want your vote definitely counted, you should post it back by the 22nd of October 2018.)

Entrust (formerly called the Auckland Energy Consumer Trust) holds 75.1% of the shares in Vector Auckland’s electricity lines company on behalf of power account holders living in the old Auckland Electric Power Board area.

A higher than usual turnout often signals a change election commented Peter Neilson Team Leader for the City Vision for Entrust Campaign. Aucklander’s in polling we commissioned, from Horizon Research said we were strongly opposed to, any further privatisation of Vector, wanted the Entrust trustees to be better advocates for the electricity consumer and had a high level of concern about the reliability of our electricity network.***

It is fairly easy to see why the turnout is so much higher this year;

There is a live proposal for Vector to sell off its Auckland network to a private party to be introduced by the merchant bank UBS. This has been confirmed by the Chairman of Vector Mike Stiassny, and reporters at the NBR and The Australian.

Vector’s regulator the Commerce Commission has penalised Vector for excessive power outages in 2015 and 2016 and foreshadowed similar penalties for 2017 and 2018.

Over the last three years the current $350 dividend paid by Entrust has not kept pace with inflation so has declined in terms of what it can buy.

The earlier agreed $10.5m budget for undergrounding overhead wires and poles was cut so completing the whole undergrounding programme would take more than 1000 years to be finished.

While this poor performance continues, the 5 current C&R trustees have been fighting amongst themselves, taking each other court and accusing each other of “bullying” and “unprofessional” conduct. They have also dropped, respected company director Michael Stiassny as the Chair of Vector.

The C&R trustees have been paid an average of over $100,000 a year as either trustees or directors while this mess has unfolded.

New Zealander’s rarely re-elect a third term government. This third term group of C&R trustees seem to have lost their focus, forgetting the consumers who elected them while indulging in infighting

It looks at this stage that the final Entrust election turnout will be well up on the less than 13% achieved in 2015. City Vision is looking to lift the turnout across the city. As a united team, pledged to protect the dividend, accelerate the undergrounding programme, strongly opposed to any further privatisation of Vector and wanting to work with Vector to improve the reliability of our electricity network we are well placed to benefit from the increased turnout that is occurring concluded economist, former cabinet minister and City Vision Team Leader Peter Neilson.

If you have not already voted open up the envelope, pick your 5 trustees and post back the envelope by the 22nd of October 2018.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday].

Housing Minister Phil Twyford's office said he would not be commenting on Mr Barclay's resignation as it was an employment matter. Last month, Mr Twyford confirmed that Mr Barclay had not been at work for a number of weeks. More>>


Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>


DHBs "Prepared": Junior Doctors Strike Again

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>


Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>


JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>


Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>


IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>





InfoPages News Channels