Popular Posts

Tuesday, 16 October 2012


The Auckland Energy Consumer Trust, which owns 75.4% of the energy-and-infrastructure company Vector, and therefore gets a large chunk of the dividend that Vector pays every year, which it pays out to consumers. Good.

The AECT Board is a democratically elected body, elected every three years. Good.

But one has to wonder greatly at the timing of the dividend payment this year, election year. It was given out only a couple of weeks before the voting papers. We must assume that the money will make us feel so warm and fuzzy towards the present incumbents that we will vote them back in, for fear of not getting so much lovely money every year. That is bribing us with our own money.

There should be a very large separation between the two events so that there can be no accusation of using our money to influence voting.