The other option would be to opt-out of the reforms. Council s infrastructure group manager Erin Moogan provided a verbal update to councillors on Tuesday around where the process was at. She also asked for feedback as to potential questions for the Department of Internal Affairs around how the three waters reform would work. Cr Ian Pottinger, who is the chairman of the infrastructural services committee, raised concerns around the prospect of the city’s water services potentially be privatised in the future if they handed the running of it over. Pottinger said at the moment the council provided water services without looking to make a profit. However, if a private company was to at some stage step in it would be after a profit and in turn ramp up costs on Invercargill residents.
The reduction in surplus is due to the fall of line charge prices in accordance with the Allowable Notional Revenue levels set by the Commerce Commission, partially offset by lower operating expenses and finance costs, the report says. A change in accounting treatment of Southern Generation Limited Partnership Power Purchase Agreement resulted in the restatement and decrease of 2020 Share of Profit of Associates and Joint Ventures by $2.45m. Throughout the year, EIL’s total capital investment was $4.3 million, and a further $1.6 million was spent on maintenance. Among the work underway is a 23MVA single transformer substation, near Elizabeth Park in Invercargill, which is in the process of being seismically strengthened and upgraded to a dual transformer substation to cater for forecasted electricity load increases and to provide a more resilient supply.
Owners: Incentives needed to build more wheelchair accessible homes stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
“We’ve engaged an environmental consultant to determine if there is black mould in other parts of the building and in what form, and expect the results of this back in the next week,’’ she said. Until those results came back, the council could not comment on how long it would take to fix the problem, or how much it would cost. “We understand that finding wet black mould does not necessarily mean people in the building have been exposed to allergens. We have asked staff to talk to their managers if they are concerned, and we are keeping staff informed.
Compensation for worried Esk St retailers would lead to slippery slope stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.