Peters promises change
NZ First leader Winston Peters is promising a shake-up of lines companies if it gets into power.
Speaking at a public meeting organised by the Taumarunui Ratepayers’ and Residents’ Association, Peters gave an assurance that change was on the horizon.
The Lines Company charges have been controversial in the Ruapehu district for some time and Peters was greeted to a packed house at the Cosmopolitan Club for the meeting. Peters said the state of The Lines Company pricing mechanism was the ‘‘ugly face of irresponsible capitalism’’.
‘‘We have started discussions with some of the lines companies and despite their reticence we believe there is a need for some form of amalgamation.
‘‘You’ve got the lines charges more than the power itself and this can’t go on and the idea we’re not going to react is so wrong.’’
Peters said people in the King Country and Ruapehu had been let down by the Commerce Commission and they would keep pursuing The Lines Company vigorously.
CEO for The Lines Company, Sean Horgan said any potential change to current policy would require considerable industry and Government discussion over a period of time.
‘‘The Lines Company’s focus is on resolving current local concerns through our Service-based Pricing Review.’’
Winston Peters promises change for line company customers.