Submission
Which option do you prefer?
Option Two – The alternative option – Keep Aurora Energy
Further comment
Power prices are forecast on all accounts to damn near double in the next 2 to 3 years. Electriciry use is not going to diminish in the near future.
The value of auroras debt is being eroded by inflation, which gives a leveraged COCR potential, that a simple fund cannot - if the company can be well run with a decent future vision.
Divesting core services, to likely offshore ultimate owners, with no vested interest in local service, so DCC can then buy unit shares in that, or a comparable tip of the tail financial model, for an even further reduced return, or more likely never ending requests for capital contributions. Power distribution is a neccesary core service. Ratepayers over a barrel will pick up the tab either way, but there is no reason to think financial hatchetry companies can run
lines and distribution companies any more efficiently than anyone else.
Tell us to just cut out the middle man and move straight to our Chinese, Australian or Canadian sister cities.
Fix, polish and keep Aurora, get pragmatic and innovative, because even if that isn't what ratepayers want, it is what they need.
The alternative is pay someone else to do it, and pay perpetual premiums in one way, or another.
Supporting information
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Submitter
Submission id number: 1040583
Submitter name:
Jonathan Daley
Organisation
Technicality ltd