Over at Homepaddock, Ele blogs:
While the Green Party is wasting money attemtping to get enough support for
a Citizen’san MPs’ Initiated Referendum, and Labour is threatening to hold up legislation for the Mixed Ownership Model for state assets, Trans Tasman says:
Mighty River Power Looks Even More AttractiveState-owned Mighty River Power expects electricity from its latest geothermal project to be lower-cost than normally assumed for new geothermal power stations, and well below the assumed cost of new wind farms. MRP, soon to be partially privatised, says it expects the $466m Ngatamariki plant with an installed generating capacity of 82MW to produce electricity with a real longrun marginal cost less than market estimates of $80 to $85MWh. Most wind projects are assumed to require paybacks of around $100MWh. The project remains within budget and on track for commissioning in mid-2013. MRP’s success with geothermal power enhances its competitiveness in the local market and is also strengthening its international operations, both in the US and in Chile, making it a highly attractive investment proposition.
Why doesn’t the left want to allow superannuation funds, community trusts, Iwi, other groups and individuals to invest in this business?
Don’t tell me we already own it. We don’t, the state owns it on our behalf but that is very different from having a private shareholding.
We've made our thoughts on the Mixed Ownership Model abundantly clear. We will be applying for a small shareholding in Mighty River Power because we reckon that our energy SOE's will be an excellent long-term investment as we plan for our retirement.
We had to drive over to Palmerston North airport yesterday afternoon, and we listened to most of the Second Reading debate on the Mixed Ownership Model Bill. Even yesterday, Labour continues to repeat an untruth which they themselves proved to be an untruth; that once assets are sold, they are gone forever. All we can say to that is this; Kiwirail.
Labour and the Greens meanwhile are putting their energies into securing signatures for a Citizens' Initiated Referendum. This is nothing more than a political response, in our ever-humble opinion. The Government's Mixed Asset Ownership proposal was the hottest election issue last year, and despite reported opposition to it, National received its highest ever MMP level of support. And Labour, whose entire campaign seemed to centre around its opposition to asset sales (remember the imitation stop signs?) received its lowest-ever vote in six MMP elections; little more than a quarter of the party vote. The people spoke on Election Day last year, but the Labour Party doesn't want to listen to what the people were saying.