OPINION - Mapp: No reason for local authorities to take over Vector
31 Mar 2008

Image: National Party
Wayne Mapp ... no compelling reason for local authorities to own Vector shares
By Wayne Mapp, MP
The Herald on Sunday reported on a joint submission to the Royal By Commission on Auckland Governance, by Auckland Regional Council (ARC), Auckland City Council, Manukau City Council and Papakura City Council to take over ownership of Vector, the power lines company mostly located in Auckland and Manukau City.
The three local authorities and the ARC have proposed taking ownership of the 75% shares owned by ACET. The beneficiaries of ACET, who are the power consumers, would be paid $4,000 each.
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