As a beneficiary of TECT, I have read the proposal document and attended a meeting organised by Trustpower to hear its point of view.
We know our bills from Trustpower are higher than other energy suppliers. If the TECT cheque didn't exist our costs would come down because Trustpower would have to compete for our custom.
The TECT trustees have looked at the uncertain future of the energy industry and decided on this proposal. It is, in my opinion, inappropriate for Trustpower to deliberately confuse the issue by sending documents to its customers which look like the TECT consultation but with a range of options that TECT is not consulting on.
The TECT proposal is quite simple. As a beneficiary you can either agree or not. If you agree and, after a binding referendum, the High Court does too, you will get your TECT cheque for the next five years plus $2500. If ceasing the cheques after 2022 enables our communities to benefit by $24 million per annum, I am happy to relinquish personal benefit in favour of a better future for all.
With prudent management TECT will be able to fund the many social, environmental and charitable needs of our communities. What a legacy to leave our children.
M Dillon, Maungatapu (Abridged).
3 comments
What a legacy ...
Posted on 02-03-2018 19:01 | By Murray.Guy
Mary Dillon says, "With prudent management TECT will be able to fund the many social, environmental and charitable needs of our communities. What a legacy to leave our children." Indeed YES, what a legacy, and one that is made possible with the proceeds of corrupt processes and misappropriation - What a legacy.
I agree with Mr Guy
Posted on 05-03-2018 16:10 | By SML
about the "proceeds of corrupt processes and misappropriation". The TECT Trustees appear to be acting in contravention of the TECT Trust Deed, as they are supposed to be acting in the best interests of Trustpower CONSUMERS - those people who are actively contributing to the Trust by being loyal ocustomers - and not for every other consumer of other powercos/telcos.That Mary Dillon says the proposed (illegal) change would be a "great legacy to leave our children" is diametrically opposed to those who are, in effect, TECT Trust shareholders (of 20% of Truspower shares held by TECT), so what about the legacy they are [a] entitled to, and [b] that the leigimate communal shareholders wish to keep for THEIR children? ! IEvery community group in Tauranga (already well served by grants from TECT) have got their hands out for more that's not theirs!
I agree with Mr Guy
Posted on 05-03-2018 16:11 | By SML
about the "proceeds of corrupt processes and misappropriation". The TECT Trustees appear to be acting in contravention of the TECT Trust Deed, as they are supposed to be acting in the best interests of Trustpower CONSUMERS - those people who are actively contributing to the Trust by being loyal ocustomers - and not for every other consumer of other powercos/telcos.That Mary Dillon says the proposed (illegal) change would be a "great legacy to leave our children" is diametrically opposed to those who are, in effect, TECT Trust shareholders (of 20% of Truspower shares held by TECT), so what about the legacy they are [a] entitled to, and [b] that the leigimate communal shareholders wish to keep for THEIR children? ! IEvery community group in Tauranga (already well served by grants from TECT) have got their hands out for more that's not theirs!
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