Submission
Which option do you prefer?
Option Two – The alternative option – Keep Aurora Energy
Further comment
Aurora has a deferred income for the last regulatory year of $39.315 million, plus a deferred income for regulatory year 2022 of $13.417 million - which means that, at the end of this regulatory period in 2027, the consumers will likely owe Aurora considerably more than the $67 million dollars predicted by com com. Those numbers are real income that the owner (in 2027) gets to bill Dunedin consumers - IE; Dunedin consumers already owe Aurora $53 million and rising. The fact that Aurora have not chosen to pass on that income to council is strictly down to the board and it's decisions. Aurora is also entitled to interest on that money until it is recovered.
Put simply, Aurora already has well North of $53 million dollars owed to it by consumers, all of which is profit and related only to the first two years of the cpp. The documentation provided to ratepayers by DCHL is worryingly and completely misleading.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1044982
Submitter name:
Richard Healey
Organisation