Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Time to Take Transpower Back

12 June 2005

MEDIA RELEASE

ATTENTION: POLITICAL REPORTERS

TIME TO TAKE TRANSPOWER BACK

“Recent information about State power generator Transpower’s dodgy market and tax manipulations reinforce our view that it is time to take Transpower back under an integrated model of public ownership and community control of the electricity market,” said Paul Piesse, Co-leader of the Alliance party today.

He was commenting on recent revelations that Transpower “lost” $20m in their 2002 accounts in relation to the December 2002 agreement by which Transpower borrowed over 700 millions of dollars from an unknown party and then on-lent three-quarters of the amount to other unnamed financial institutions.

“This most recent scandal alongside the ongoing 30-40% of price rises from electricity retail companies over the last three years emphasises the need for a return to public and community ownership and control of commercial electricity generation, distribution and retail sale. Market mechanisms must be removed from the whole electricity sector,” said Paul Piesse.

“Many New Zealanders are condemned to a long cold winter due to the high prices of electricity resulting from the market reforms,” said Paul Piesse. “Prices need to be regulated and controlled so that electricity is affordable."

Paul Piesse said that the Alliance would fight to stop State Owned Enterprise company managers doing dodgy deals and focus instead on tasks that were in the real long term interest of New Zealanders.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods (is the dollar up or down?) the outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country... More>>

ALSO:

.

 
 

Submissions Summary: The People's Commission On Public Media

This Summary is a preliminary report from the People’s Commission. It brings together views and aspirations of the hundreds of people who made submissions, attended public meetings, filled out the online survey and made speeches to our Panel. More>>

Housing Plans: Protest Over Ihumatao Development

Ihumatao in Mangere, next to the airport in Auckland, holds the archaeological remains of 1000 years of food production; from when Maori first landed in the area, through to early European settler agriculture and right up until today. More>>

ALSO:

Negotiations: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word.. More>>

ALSO:

Contains Highly Colloquial Language: Your F**king Guide To Government Formation

The following message is in no way endorsed by the Electoral Commission. They are f**king done with this election. More>>

NZ Emissions Up 50% 1990-2013: Report Confirms CLimate Change Impacting NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: Inland Revenue Steps Back From Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election