Submission
Which option do you prefer?
Option Two – The alternative option – Keep Aurora Energy
Further comment
I am reminded of the forced sale, the result of central government ukase, of the Waipori Generating asset some years ago. I do not believe that selling off these assets will in the long term enhance ratepayer asset values when compared to retaining ownership of the business entity.
I have tried to ascertain benefit cost analytical data for the sale compared to the 'do nothing' (retention) option, but have been thwarted by the need for commercial sensitivity. I look forward to the release of such data.
In my view, the regular income to the Dunedin City Council resulting from the proposed asset sale may in the short term be less uncertain that that raised by future dividends, but longer term prospects appear to me to be far more uncertain.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1045417
Submitter name:
Chaz Forsyth
Organisation