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Posts under ‘Vector’

Time for change at the AECT

In 2009 I naively stood as an independent in the Auckland Energy Consumer Trust election. I thought the election would be about electing the best possible candidates to be Trustees.  I presumed there would be media coverage of the election issues, discussion of candidate policies and a fair chance of success if my skills and […]

Voter apathy and media blackout gifts Citizens & Ratepayers the AECT

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 […]

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 […]

“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 […]

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 […]

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 […]

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 […]

Media Release

Transition Town Candidate to contest AECT election Thursday 17 September 2009 Community candidate challenges Vector’s sustainability path A corporate lawyer with experience working for regulated industries will stand as an independent candidate in this year’s election for trustees to the Auckland Energy Consumer Trust. Pippa Coom, who has worked for Vector Limited, which is majority […]