Submission
Which option do you prefer?
Further comment
Aurora serves the public and must remain in public ownership. It should not be expected to make unrealistic profits beyond its own needs to run the business effectively and to maintain and service its assets. As it has been playing catch up with delayed maintenance over the past few years, it has not been able to pay dividends to the DCC's expectation. Because of this so called "poor" performance, it will also not reach its best potential sale price right now. Any organisation purchasing it will no doubt hike prices sky high to maximise its return on investment, after all it has a monopoly market status.
The sale of essential infrastructure into private hands inevitably results in cost increases for users, particularly in monopoly situations, and the prioritisation of shareholder dividends over all else. The waste water situation in UK springs to mind. There is also no guarantee of an income stream from your diversified investment fund - plenty of investors have lost money through these funds. Better to retain Aurora, build it back up and take a modest dividend whilst protecting the rate payers access to affordable electricity infrastructure.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1044516
Submitter name:
Fran Hammond
Organisation