Submission
Which option do you prefer?
Option Two – The alternative option – Keep Aurora Energy
Further comment
In every other example where a NZ lines company has been sold to private business, the daily lines charge to consumers increases dramatically. So it is fiscally irrelevant to rate payers if we get the rates relief that may (or may not) flow from an investment fund that was created by Aurora sale as that will be completely offset by the increase in lines charges from the private lines company owner. As a rate payer I don't need my council to make a "profit" from its water pipes, or its footpaths or its roads. I just need those things to exist and deliver me services with minimal outages. Power lines are no different. Power lines are an asset that makes way more sense to exist in council ownership to provide service to ratepayers, rather than be considered an asset that must return a profit. There are many things that DCC owns that do not provide us with the same utility value as power lines, pipes and roads such as; disused theaters, generic industrial buildings, tourist train company, etc. It would make a lot of sense to sell those assets well before considering sale of any utility asset.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1044756
Submitter name:
Nigel Bamford
Organisation