The Open Letter from Phil O’Reilly & Co

The open letter to Russel Norman and David Shearer with repect to the NZ Power proposal really shows the signatories for what they are. To quote from the letter:

“We are especially concerned at investment analyst reports noting the potential for $1.4 billion of shareholder value to be wiped off the books of the private power companies. A similar amount, if not more, will come off the value of the public power companies.”

Sorry Phil, investment is a risk v reward game. If you didn’t consider there was any political or regulatory risk in the asset sales programme then you are truly naive. I for one am pleased with Metiria Turei’s responce.

“The Greens are a democratic party and we won’t have our policy choices dictated to us by big business. We will make our policy choices based on what is best for New Zealand, its people, its economy, and its environment. NZ Power fits the bill”

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