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TECT proposal makes sense

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Last week’s announcement of the proposed changes to the Tauranga Electricity Consumer Trust is important from a regional, economic perspective.

Readers will probably be aware that Trustpower recently announced a review of their retail business, with the view to a possible sale. The prospect of this sale means that TECT needs to consider the structure of the trust in future.

TECT exists for the benefit of consumers of Trustpower living in Tauranga or the Western Bay, and a sale means that those consumers no longer exist.........

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