Submission
Which option do you prefer?
Option One – Council's preferred option – Sale of Aurora Energy
Further comment
I understand the recommendations rational. The Waipori fund is held up as an example of an asset sale when considering the councils preferred recommendation regarding Aurora. What therefore should have been provided in the information given to rate payer is first, the growth of that fund from the time of sale. Secondly, the income provided to council through the investment of that fund and thirdly, the outcome of the sale of that asset for both council and ratepayers. For example the investment income return for council and what going investment there has it been in the Waipori power generation scheme by new owners. Having such information would help electricity consumers in Dunedin make a more informed decision on the current proposal regarding the sale of Aurora. Electricity consumers concerns will be focused around the ongoing security of the Aurora asset through ongoing investment in the distribution network and the potential cost implications to consumers. Perhaps using Waipori as a case study (overall outcome of sale for council and ratepayers) would’ve been more informative as ratepayers consider the current proposal. This information has been glossed over in the documentation provided to ratepayers with a greater emphasis on benefit to cancel through the preferred recommendation. This approach is unhelpful when asking ratepayers to consider the current proposal. More information, as I have outlined, ought to been provided.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1040567
Submitter name:
C B Donkin
Organisation