Tag Archives: MELT DOWN

Aurora Energy at ODT 24.2.17 follows #LGOIMA

Broad spectrum (?!) LGOIMA request from earlier this week and interim acknowledgement:

From: Elizabeth Kerr
Sent: Monday, 20 February 2017 7:24 PM
To: Grady Cameron
Cc: Elizabeth Kerr
Subject: Aurora Energy Ltd – Official Information Request (LGOIMA)

Attention Grady Cameron
Chief Executive, Aurora Energy Ltd

Dear Grady

How is Aurora Energy Ltd funding the $30million pole replacement programme you speak about – from capex (capital expenditure), opex (operational expenditure), a combination of the two? or by other means? (please state)

Will Aurora Energy Ltd attempt to raise line charges for Otago power consumers, to achieve the number of (dangerous) pole replacements required in the next 3-5 years – how soon will line charges increase and by how much given regulatory scrutiny by the Commerce Commission?*

Is Aurora Energy Ltd solvent at this time? Explain.

Please provide any financial detail(s) salient to these matters.

Sincerely

Elizabeth Kerr
Dunedin

*emphasis added 24.2.17

—————————————-

From: Grady Cameron
Sent: Wednesday, 22 February 2017 1:02 p.m.
To: Elizabeth Kerr
Subject: Aurora Energy Ltd – Official Information Request (LGOIMA)

Dear Elizabeth

Thank you for your enquiry. We acknowledge receipt of your official information request received by us on 21 February regarding Aurora Energy (our reference 0945).

We will endeavour to respond to your request as soon as possible and in any event no later than 21 March, being 20 working days after the day your request was received. If we are unable to respond to your request by then, we will notify you of an extension of that timeframe.

Kind regards,
Glenda

****

Received.
Fri, 24 Feb 2017 at 1:58 a.m.

[click to enlarge]

ODT 24.2.17 (page 4)

odt-24-2-17-aurora-planned-power-outages-p4

ODT 24.2.17 (page 5)

odt-24-2-17-aurora-energy-notification-of-electricity-delivery-prices-p5

Posted by Elizabeth Kerr

This post is offered in the public interest.

2 Comments

Filed under Aurora Energy, Business, Central Otago, Construction, DCC, DCHL, DCTL, Delta, Democracy, Design, Dunedin, Economics, Education, Electricity, Finance, Geography, Health, Infrastructure, Media, Name, New Zealand, OAG, Ombudsman, People, Perversion, Pet projects, Politics, Project management, Property, Public interest, Queenstown Lakes, Resource management, SFO, Technology, Tourism, Town planning, Travesty, Urban design, What stadium

Delta #EpicPowerFail 10 : Grady Cameron : The Counterfeit Comet

Received from Christchurch Driver [CD]
Thu, 16 Feb 2017 at 12:15 a.m.

Dear Readers

Local cyberspace has run hot tonight with the news that Grady Cameron has finally taken Richard Healey’s advice and fallen on one of his many splintered power poles, tendering his resignation. But just like a funhouse hall of mirrors, nothing at Aurora/Delta is as it seems. Mr Cameron is leaving later not sooner. It should be sooner, much sooner, like now.

As pointed out several times by Jarrod Stewart and Richard Healey, Grady is entirely the wrong individual to “oversee the transition process, along with the accelerated pole programme now under way”, which was the vague treacle proffered by Gary Gyroscope Johnson and Mr Thompson as an excuse for Mr Cameron to cling on for another year.

What the somewhat dim Mr Thompson does not know is that most of Delta already know what provision for early termination is in Grady’s package, and it is….12 months’ salary. (Hard to keep anything secret at Delta these days, Mr Thompson!) Go on, refute that “unfounded speculation”, Mr Gyroscope!

Therefore Mr Thompson had the two terminally unattractive options of 1) Paying Grady $600,000 to do nothing or 2) Paying Grady $600,000 to hang around and pretend that his help is “appreciated”. Chairman Thompson knew he would be sacked if he agreed to pay Grady $600,000 to do nothing, because What if? Dunedin and many others would find out in short order, and it would be curtains for Mr Thompson – sooner rather than later. However, Mr Thompson has made an elementary error. When you sack someone, get them gone. This is not Personnel Management 101, it’s 001. Despite $600,000 being a lot of cash, it was still the right thing to do because Grady’s other great failure as CEO was to preside over the accelerated decline of the staff at Delta.

odt-16-2-17-cameron-not-seeking-new-role-p3-underlined

It is past the tipping point and on its way to collapse, and if Grady stays another year collapse it will. At this stage in your correspondent’s post, the Greek chorus begins, accompanied by the rattling cups of Choysa : Evidence, evidence, give us the factual evidence!

Very well readers, have the Gaviscon ready, here are some stomach turning informational nuggets to show the appalling state of the Delta engineering department, the essential core of the organisation. Desk executive types like Grady and Matt Ballard can come and go, but the engineers make the place run.

While Mr Gyroscope and Mr Thompson trumpeted the two new external appointments today, they failed to mention that there are 45 vacancies – yes 45, that is 4 lots of 10 plus 5, Steve, at Delta.

Your correspondent understands these are in the main technical positions that any reputable company will have trouble filling, let alone a basket case like Delta.

Very recently, a capable senior design engineer was asked by either Matt Ballard or Grady “What would it take to get you to stay?”, as they had been alerted that the engineer was about to vote with his feet. “Nothing could convince me to stay” was the response and the engineer who was in the prime of his career and had worked for Delta for 6-7 years, departed to the North Island.

Next fact: There are now fewer than 10 design engineers left at Delta. There will be one less tomorrow because another resigned today but hadn’t advised The Management.

Alarming fact : Your correspondent is advised that of those left, at least three already have plans in place to leave that are not negotiable.

Strange but true : A design engineer recently resigned. Mule-like, Mr Cameron and his cohorts “refused to acknowledge his resignation”. This would appear to be code for “we will pay you absolutely anything you want because we know we will get no applicants for your position”, much like the example above. We can conclude from the example with Derek Todd quoted in #EpicPowerFail 9 that the practical limit is a tripling in salary.

There’s more : After deducting out those engineers, there are others actively looking to leave also. We can know this with confidence as a Wellington power company advertised a position for a design engineer recently. The recruiter called a contact at Delta and asked “What the heck is going on down there – we have had 4 applications and 3 of them are from Delta !!”

Grady’s response to this is to hire engineers from around the world, and try and fill engineering positions with “Project Managers” (Godfrey Brosnan is just the latest example). This is not to denigrate those with overseas qualifications or from a different culture but as Richard Healey notes, this is a dangerous high risk industry and ‘culture’ is important. Experienced local engineers with institutional knowledge and memory are priceless – and absolutely essential. The legacy of Grady and successive incompetent boards is that Delta and Aurora, are very likely to be left with somewhere between very few and almost none.

Your correspondent is given to understand that there is a funereal level of staff morale. Many staff around all departments have the view that (Delta)Aurora is only a few more key resignations away from being unable to function as a lines company. Richard Healey may be able to comment further on this.

The common theme from departed staff is that they would not work any longer under the management regime.

Normally your correspondent likes to finish with what he fondly imagines to be a witty riposte, but after surveying the decayed remnants of Aurora, humour is not appropriate. 

Since 2009, Grady Cameron has blazed across our power line landscape like a counterfeit comet. Grady’s disastrous tenure has created a giant financial crater for the city that will have to be made good by ratepayers for around twenty years – most of a generation.  

While not solely responsible, he encouraged a culture of cynical disinterest in the long-term health of the company he was charged with protecting, to flourish.

There is no wit to be had here, but justifiable anger. 

[ends]

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: ODT 16.2.17 Cameron will not seek new role page 3 detail tweaks by whatifdunedin

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DCC Annual Plan 2013/14

DCC IS PULLING THE WOOL OVER YOUR EYES, DUNEDIN

### ODT Online Tue, 25 Jun 2013
Rates rise of 4% adopted; staff efforts praised
By Chris Morris
There were words of praise, but also of caution, as the Dunedin City Council yesterday locked in a 4% rates rise for the coming financial year. Councillors at yesterday’s full council meeting voted to adopt the 2013-14 annual plan, and the 4% rates rise, after months of discussion, debate and public consultation. The changes would come into force on July 1, but prompted little further debate yesterday, as councillors instead praised chief executive Paul Orders and his staff for their efforts.

Confirmation of the budget meant a $400,000-a-year events attraction fund for Dunedin Venues Management Ltd, the company running Forsyth Barr Stadium, and other budget proposals were confirmed.

Finance, strategy and development committee chairman Cr Syd Brown said the increase included headroom within the budget. That had allowed debt repayments to be accelerated, saving the council millions in interest payments, while keeping the rates increase within the goal of no more than 4%. Without the debt repayments, the increase would have been closer to 2%, Cr Brown said. ”I think that’s a sterling effort by the chief executive and his staff and I think the city’s been well served,” he said.
Read more

What is Cr Syd Brown really saying?

Is he saying the stadium debt, the council’s consolidated debt, the council’s lack of insurance for infrastructure, the seedy DCHL’s lack of traction, and DVL/DVML running significant losses requiring ‘unheard of’ ratepayer funds, is Okay and everything’s well in hand?

Or is he snide, skipping out of council before the engulfing mudslide hits, the one he’s made with help from the Good Old Boys.

Nothing like an old fox, or an old fool.
Syd Brown’s personal fortunes have been tidily aided by his position on council for the implementation of Taieri plan changes, council spending on ‘localised’ drainage, roading systems, and more. Then there are the persistent rumours about connections to pokie trusts and big brothers in racing and rugby. It’s not a clean slate.

Can you believe anything Syd Brown has to say about your council’s financial position? DCHL will soon report to councillors on the results of a review of its subsidiary companies. This will be interesting. Cr Richard Thomson opines that from the figures it appears the only way DCHL can meet its dividend payment forecasts will be by borrowing or selling assets, either of which would cause ”considerable concern”.

Report – Council – 24/06/2013 (PDF, 4.7 MB)
Dunedin City Council, 2013/14 Annual Plan for Adoption on 24 June 2013

Report – Council – 24/06/2013 (PDF, 72.5 KB)
Adoption of the Annual Plan 2013/14

Report – Council – 24/06/2013 (PDF, 703.3 KB)
Setting of Rates for 2013/14 Financial Year

Report – Council – 24/06/2013 (PDF, 26.6 KB)
Statements of Intent of DCHL Group Companies

Report – Council – 24/06/2013 (PDF, 306.1 KB)
Statement of Intent – Dunedin City Holdings Ltd

Report – Council – 24/06/2013 (PDF, 284.2 KB)
Statement of Intent – Aurora Energy Limited

Report – Council – 24/06/2013 (PDF, 251.0 KB)
Statement of Intent – Delta Utility Services Ltd

Report – Council – 24/06/2013 (PDF, 375.1 KB)
Statement of Intent – City Forests Ltd

Report – Council – 24/06/2013 (PDF, 351.4 KB)
Statement of Intent – Dunedin City Treasury Ltd

Report – Council – 24/06/2013 (PDF, 440.3 KB)
Statement of Intent – Taieri Gorge Railway Ltd

Report – Council – 24/06/2013 (PDF, 241.9 KB)
Statement of Intent – Dunedin International Airport Ltd

Report – Council – 24/06/2013 (PDF, 218.0 KB)
Statement of Intent – Dunedin Venues Limited

Report – Council – 24/06/2013 (PDF, 235.4 KB)
Statement of Intent – Dunedin Venues Management Ltd

Report – Council – 24/06/2013 (PDF, 728.7 KB)
Statement of Intent – Tourism Dunedin

Other reports tabled at yesterday’s meeting of the Dunedin City Council.

DCC homepage portrait nightmares 6.1.13 (screenshot)

Related Post and Comments:
22.1.13 DCC Draft Annual Plan 2013/14 – ‘Liability Cull’ and council chasten for election year

Posted by Elizabeth Kerr

40 Comments

Filed under Business, DCC, DCHL, DVL, DVML, Economics, Hot air, Media, Name, People, Politics, Project management, Property, Site, Sport, Stadiums, Tourism, Town planning, Urban design, What stadium