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 [...]
Posts under ‘Elections’
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 [...]
Trustee fees excessive: what price community service?
Annual fees for the chair of the Auckland Energy Consumer Trust have increased 300% over a 5 year period to 2007/08. The current chair enjoys fees of $91,000 up from $30,000 in 2003. Fees for other Trustees range from $63,000 to $139,000 for a Trustee who is also on the Vector board. Details of fees for [...]
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 [...]
Media Release: Style and substance join otherwise dreary election campaign
Over the last couple of weeks Aucklanders have been experiencing a higher level of visual pollution than normal due to the billboards erected by the two party tickets – PowerLynk and Citizens & Ratepayers – standing in the election of 5 trustees to the Auckland Energy Consumer Trust. Independent candidate Pippa Coom’s billboards, which started going up today, have [...]
