Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Hutt-Mana-Energy-Trust Share Bid Overwhelms

Hutt-Mana-Energy-Trust Share Bid "Overwhelms" Issues Raised In Trust's Annual Plan

The current bid by TransAlta Canada for the shares Hutt Mana Energy Trust owns in TransAlta New Zealand has "overwhelmed the issues" in the Trust's draft annual plan consultations.

That's the view of strategic analyst Kay Hewitt, director of Future Impacts Ltd, after reviewing a record 328 submissions on behalf of the Trust.

Ms Hewitt said the "sell/don't sell" debate was not canvassed in the draft annual plan, but it was revealed as the main focus.

Of the 328 submissions, 263 - or 84 per cent - believed the Trust should not sell the shares, compared with 16 per cent - 42 people - who wanted the shares sold.

Only 60 submissions responded to the issue of whether the Trust should support community projects.

Of these, only 14 explicitly stated they were in favour and 46 were against.

There were fewer responses as to whether the Trust should support energy related projects.

Of 28 who commented, 19 were explicitly in favour and nine were against.

Ms Hewitt said submissions "largely ignored" what Trustees had anticipated would be an extremely sensitive issue - to continue or discontinue rebates to consumers.

Only 25 commented with 23 saying they definitely wanted the rebate to continue and two wanted it discontinued.

Of the 328 submissions 138 were from Lower Hutt, 49 from Porirua, north, 64 Tawa and no location given for 39.

There were 285 individual submissions, 24 from organisations and 19 in an "unknown" category.

Trustees will hear oral presentations from 26 people on September 30 at the Queensgate Tower theatrette in Knights Road, Lower Hutt.

Starting at 10 am, the meeting will be open to the public but speaking rights are given only to those making submissions and who asked to make a personal presentation.

ENDS....

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: