Are there more policy u-turns on power coming tomorrow from current Leader David Shearer?
One of Labour’s big promises under the failed Phil Goff was to excuse state owned power companies from returning a dividend (except for new generation).
The same dividends that they said would be gone forever under asset sales…they do like having their cake and eating too.
Labour is quoting heroic returns from the state owned energy companies to try to make its fairy tale numbers look more credible. The problem for Phil Goff is that he’s already promised Labour would forgo dividends from power companies. Did he lie to the Labour Party faithful during his speech to their congress in 2009? Read more »