Submission
Which option do you prefer?
Option Two – The alternative option – Keep Aurora Energy
Further comment
There is not enough information available to assess comparison between the two proposals. I make the following comments.
1) The price secured for Aurora will be the market price not the capital value.
2) Those same constraints on a new owner that are hoped to protect the consumer will act to reduce the market price.
3) What will extra capital available after debts have been paid be frittered away on councillors' vanity projects? as happened in the past.
4) The only thing left on which to make a decision is "security of service" and, on this basis I vote we keep the asset.
5) Notwithstanding this, Dunedin has a bad record in managing this asset. There must be a concerted effort to manage it better.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1044755
Submitter name:
Malcolm McQueen
Organisation