Over this past nine years, coincidentally the same nine years in which Clark's disastrous Labour gummint has been in charge, Meridien Energy has passed to this gummint a whopping two billion dollars by way of interim, final and special 'dividends.'
These dividends were funded by our ever increasing power bills and they are in fact a defacto tax amounting to around $500 for every man woman and child in the land.
Is this the same Meridien Energy which has failed to build new generating capacity to meet our growing energy needs as we energetically claw our way further down the latter of OECD prosperity?
If these 'dividends' had been retained, as they should and used to fund capital borrowings then we could have had $3 billion dollars worth of clean green efficient north island nuclear power plants up and running since maybe 2003.
Then you would'nt need to pollute the Waikato with grotesque power pylons.
There is a new Woodpile Report up
5 hours ago