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 […]
Posts from ‘October, 2009’
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 […]
Safety and Style in numbers – Mass ride takes to the streets of Auckland as part of 350 international day of action
Frocks on Bikes Media Release – 350 Big Bike Ride 24 October 2009. In Auckland, hundreds of cyclists of every persuasion are expected to attend the 350 Big Bike Ride to promote safe and sustainable transport and to call on world leaders to take bold and immediate steps to address climate change and reduce carbon […]
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 […]
Campaign takes a back seat to 350 International Day of Action
My campaign is taking a back seat to raise awareness for the need to take action on climate change and to put all our focus on the most important number in the world right now – 350. 350 is the number that leading scientists say is the safe upper limit for carbon dioxide in our […]
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 […]
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 […]
