13 August 2004

Powerco Too Busy Selling Itself To Provide Power

The problems with Powerco’s electricity supply to Tauranga residents might only increase once ownership of the lines company is diverted to Australia, because they will be more interested in profits than service, says Rt Hon Winston Peters.

Mr Peters comments follow two power cuts in two days to downtown Tauranga, which affected 2000 Powerco customers.

“Powerco is more interested in selling itself than providing power,” Mr Peters said.

“Powerco forms a vital part of the North Island energy infrastructure. Participants of the deal to sell Powerco to foreign ownership have kept the local community completely in the dark in more ways than one. What the sale process means for consumers no one really knows,” Mr Peters concluded.

ENDS

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