In the end it was far too easy for the status quo to prevail. Citizens & Ratepayers simply targeted 25,000 plus supporters with a personal letter asking for a vote for all 5 candidates on their ticket. The rank and file fell into line and compiled to ensure all five Trustees are now from one [...]
Posts under ‘AECT’
Energising Vector’s culture and strategy through smarter governance
The AECT election has been largely ignored by the media which means very few voters are aware of the issues facing the largest publicly owned trust in New Zealand and the governance of New Zealand’s leading energy infrastructure company. Brian Rudman is the only commentator to provide anything thought provoking about the issues, making the [...]
AECT Election: The Power is With the Community
Press Release: Grey Lynn 2030 28 October 2009 With only 2 days remaining in the AECT election a disappointing 14.65% of eligible voters have so far returned postal ballots to decide the 5 trustees of the Trust. At the same time in the 2003 election the turnout was only slightly better at 17.5%. Independent Candidate [...]
“Soft” conditions signal a hard landing for Vector in the new economy
There are a number of statements and omissions that stand out from Vector’s recent operations performance summary and the claims made at the Annual meeting on Friday that highlight concerns Vector is not responding to current environmental challenges nor positioned to maximise value from the “new” economy. Vector’s traditional business approach has been to focus [...]
Still waiting for your voting documents?
By the end of day 3 of postal voting for the AECT election only 6.78% of eligible voters have returned their voting documents (at the same stage in the 2006 election it was slightly better but still only 9.70%) . Unfortunately a majority of electricity consumers do not know that they are beneficiaries of the Trust or that there is an election [...]
Going underground – another reason to vote
Vector holds on to some of its profit to reinvest in the business and to pay for the undergrounding of power lines. The Trust has an agreement with Vector that commits it to spend over $10m a year replacing power lines and power poles with underground cables. All AECT trustees were instrumental in bringing about [...]
On the campaign trail with my bicycle
The many lively markets that can be found in the AECT voting district are a great place to meet people and raise awareness about the election. My first market visit was the Ostend Market on Waiheke last weekend (Sunday 11 October). This weekend I spent Saturday campaigning at the Otara Flea market, Howick Village Market and the Remuera Spring [...]
Media Release: Voters not aware of their valuable asset
Only 21% of eligible voters cast their votes in the last election for the trustees of the Auckland Energy Consumer Trust in 2006. This low turnout is surprising because the asset of the Trust is worth approximately $1.5 billion – a 75.1% holding in Vector Ltd. The Trust received a $98 million dividend from its [...]
Social media will put community into the Trust
It is a challenge for an independent candidate to take part in the Auckland Energy Consumer Trust election for 5 new trustees. The vote is held every three years. Over 300,000 beneficiaries of the Trust can vote, and the Trust area is huge, (covering all of Auckland City, Manukau City, parts of Papakura and Waiheke [...]
High-class hookers benefit from AECT dividend spend up
One of the first people to post on the AECT website which asks “How will you spend your dividend?” shared his desire to spend it on a high-class prostitute. The fact the post was still there after a week may be clever on AECT’s part because it really shows, like the ad campaign claims, that beneficiaries of the trust have [...]
