DCHL: Aurora upgrade implicates Delta

The upgrade would cost DCC, as Aurora’s annual dividend – passed on to the council and used to offset rates – dropped by $2 million a year, to $7.5 million, from 2015-16.

Delta had shed almost 150 workers and closed its entire civil construction arm since mid-2012.

### ODT Online Sat, 2 Aug 2014
Aurora plans $139.2m upgrade
By Chris Morris
Dunedin City Council-owned lines company Aurora Energy says a planned $139.2 million investment in its network will create about 20 jobs and help ensure the lights stay on as growth picks up in Central Otago. The company’s five-year spending plan would result in upgrades and replacement of key pieces of ageing infrastructure across the network, which supplied 83,000 customers in Dunedin and Central Otago. […] The work would also generate spin-off benefits for another council-owned entity, infrastructure company Delta, which already managed Aurora’s network and shared the same management and directors.
Read more

****

Ah well.

Grady Cameron 2a### ODT Online Sat, 2 Aug 2014
Cameron nominated
By Chris Morris
Aurora Energy chief executive Grady Cameron hopes to have put the challenges of the past few years behind him.
Mr Cameron (39), also chief executive of Delta, has been named one of three finalists in the Young Executive of the Year category of the Deloitte Energy Excellence Awards. The winner will be announced in Auckland on August 13.
Read more

Aurora Energy topbanner1b (1)Delta hero-think_4 (2b)

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For more, enter the terms *aurora*, *delta*, *dchl*, *dcc*, *auditnz* or *oag* in the search box at right.

Posted by Elizabeth Kerr

*Images: Grady Cameron and salary by whatifdunedin; auroraenergy.co.nz – Aurora by Joshua Strang (2006); St Clair by Sean Waller (2009); thinkdelta.co.nz – graphic reworked by whatifdunedin

3 Comments

Filed under Business, Carisbrook, Construction, DCC, DCHL, DCTL, Delta, Democracy, DVML, Economics, Geography, Highlanders, Hot air, Media, Name, New Zealand, ORFU, People, Pics, Politics, Project management, Property, Site, Sport, Stadiums, Town planning, What stadium

3 responses to “DCHL: Aurora upgrade implicates Delta

  1. So Grady Cameron wins the “Deloitte Energy Excellence Award of the Year”. That would have to be one of the “Sickest Jokes of the Year Awards of the Year” as well.

    So what has Grady Cameron done to qualify for that honour? Is it because he is one of the most highly paid executives, on a salary scale of $450,000 to $459,999pa ?

    Is it because he has presided over the redundancies of 120 Delta staff? Is it because of the previous redundancies of 150 jobs in the Central Otago region?

    Is it because he presided over the multiple purchases of various allied businesses in the civil engineering fields? Is it because he has since closed those businesses with the losses associated, due to failing performances? Is it because he has taken Delta out of the civil engineering–construction market? This, at a time when in the Christchurch post earthquake reconstruction period there is more civil work than ever. Can’t compete, why? Not capable?

    Is it because of the disastrous Queenstown and Luggate, Delta land purchases with subsequent losses written off of at least $6.4 million, and counting?

    Is it because of Aurora paying $21.87 million over three years to DVL for stadium debt servicing, now having to increase its debt by $38.2 million to catch up with development and deferred maintenance?

    Fulton Hogan, Downer EDI, KB Contracting, Hall Bros, Clearwater Contracting, Uncle Tom Cobbly and all, must be absolutely doubled up with laughter at the irony of it all. But Hey! isn’t that “The DCC way”?

  2. Elizabeth

    Mon, 8 Sep 2014
    Tough times tested young executive
    Aurora Energy and Delta chief executive Grady Cameron was recently named Young Energy Executive of the Year at the Deloitte Energy Excellence Awards.
    http://www.odt.co.nz/news/business/315137/tough-times-tested-young-executive

    “Mr Cameron said he worked on some “really basic values” of honesty, integrity and trust, along with treating people as he would like to be treated himself.”

  3. Whippet

    Calvin. If Cameron was the best, just imagine what the other nominees must have been like.

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