David Shearer and Russell Norman were being highly irresponsible in announcing their intention to implement a mechanism to bring power prices down during the period between the Mighty River Power Prospectus being issued and the price being set.
The effect of their action is that the price for the Mighty River Power shares, which at that stage had not been set by the institutional market, will almost certainly be lower than it would have been.
That in turn means the Government coffers will get less money from the float. We taxpayers suffer again !
Shearer and Norman are members of NZ's Government in the wider sense and are now on record of sabotaging an effort by the NZ Government to raise money to reduce the Government debt following the world financial crisis. The fact that they do not agree with National Government's proposal is irrelevant. They have shown crass irresponsibility in not announcing their proposal at least some weeks before the Mighty River Power Prospectus was finalised.
This matter alone shows that they are not fit people to be in control of New Zealand after the 2014 election. The fact that power prices have climbed at an enormous rate over many years is irrelevant to my point.

Bill Capamagian, Tauranga.