Summary
IT IS with great concern that I hear of two local authorities in Taranaki contemplating the sale of their shareholding in the community's lines company.
Before the community agrees to sell, it should ask itself what is being sold. The lines are a community-owned asset that provides an essential service. The purchaser will be buying the perpetual right to send you power bills. The lines are a monopoly from whose grip there is no (practical) escape.See the full content of this document
Extract
Powerco Sale
The NPDC and TET are selling the future of their...
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