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Time running out to have say on TECT changes

The TECT trustees with the TECT Rescue helicopter. Supplied photo.

TECT beneficiaries have one more week to submit their feedback on proposed changes to the structure of TECT, in response to the potential sale of Trustpower’s Retail Business.

“Thank you again to all those who have provided feedback and engaged with this process so far. Trustees continue to review feedback prior to their deliberations once the consultation period is complete,” says TECT General Manager Wayne Werder.

“We’ve been really pleased with the level of community engagement and support for the process to date and look forward to hearing further feedback over the next week.

“A reminder that if you submit feedback, you also have the opportunity to talk to your submission should you wish to during the oral hearing process.

“If you do wish to provide us with feedback, either online or by returning your mailed submission form; please do so before 4pm next Monday, March 22.”

Want more information and to have your say?

TECT Beneficiaries are invited to make submissions on the proposal.

Visit www.tect.org.nz for more information on the proposed changes, including the formal notice of proposal and how TECT beneficiaries can submit their feedback.

Submissions on this proposal will close at 4pm on Monday, March 22.

FAQs on the proposal can be viewed here.

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2 Comments
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Hope for a better outcome.

Posted on 16-03-2021 10:38 | By gincat

Lets hope the Trustee’s make a better decision regarding TECT. Leaving an eye watering $344,000,000 behind on the table when they sold 19.99% of Tilt Renewables for $144,000,000 was a big blunder. The independent directors of Tilt advised small shareholders not to sell to Mercury and Infratil

Asset grab by TECT

Posted on 16-03-2021 09:17 | By

So plan A failed last time, this time throw more cash at it to take all the money generation assets. Can we get an investigation into any insider trading that might have happened last time this was announced ? Why not keep the assets and start looking after the people that paid for them by leveraging the 58k for better power prices ?