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Posts under ‘Beneficiaries’

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 […]

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 […]

How will you spend your AECT dividend?

The Auckland Energy Consumer Trust paid out $320 on 18 September to electricity consumers (income beneficiaries of the trust) in Auckland City (including Waiheke Island), Manukau City and the northern parts of Papakura.    AECT are currently undertaking a campaign promoting how great it is to get the dividend and asking people to share their […]