Latest / The SME Stream / John Clarke: Transpower CEO on their $1 million contribution to a regional energy package for Northland

Transcript

John Clarke: Transpower CEO on their $1 million contribution to a regional energy package for Northland · The SME Stream

• 0:00
  Speaker 1: A bit of movement over the the the the power Pylon,
• 0:03
  Speaker 1: par Labor, Transparer and Mixim have donated a million bucks
• 0:07
  Speaker 1: to a fund that will support northern projects and the economy.
• 0:10
  Speaker 1: It's a good will jest, do you Transparer CEO John
• 0:12
  Speaker 1: Clark with us on this morning. I've already heard this
• 0:15
  Speaker 1: morning people including local MPs saying this is not enough,
• 0:18
  Speaker 1: it's a joke, all of that sort of thing. Were
• 0:19
  Speaker 1: you expecting that level of pushbacker or you're disappointed.
• 0:24
  Speaker 2: We've believe we've done our best to offer Northland something
• 0:29
  Speaker 2: back that will help improve the energy resilience and also
• 0:35
  Speaker 2: help plan for the future and make sure we've got
• 0:39
  Speaker 2: between ourselves and our two distribution partners up there, we've
• 0:44
  Speaker 2: got for Purpose network.
• 0:46
  Speaker 1: And when you say, when you say increase resilience, what
• 0:50
  Speaker 1: what's the money actually for and can't they do with
• 0:52
  Speaker 1: it whatever they want.
• 0:55
  Speaker 2: Certainly we've left with the community, Northland Community and Aukland
• 1:00
  Speaker 2: think we've indicated along with Northland Inc. That you know,
• 1:06
  Speaker 2: if it's used the community resilience projects, there are things
• 1:09
  Speaker 2: that help communities cope with storms and the other challenges
• 1:12
  Speaker 2: that Northland have. More things that help economic development in
• 1:16
  Speaker 2: Awakland other sort of things that we've been seen. But
• 1:20
  Speaker 2: we are leaving it your right to Northland and the
• 1:22
  Speaker 2: Northland community.
• 1:23
  Speaker 1: How do you come up with a million? Apart from
• 1:25
  Speaker 1: the fact that it's around number.
• 1:30
  Speaker 2: And max. Some both talk between ourselves and in our
• 1:35
  Speaker 2: case we identify what things we could put acide so
• 1:38
  Speaker 2: that we could free up some money to do this
• 1:42
  Speaker 2: community initiative.
• 1:43
  Speaker 1: Has insurance played a part at all or not?
• 1:47
  Speaker 2: Insurance has nothing to do with us. This is not
• 1:50
  Speaker 2: about compensations. As reiterated, compensation is not something that happens
• 1:57
  Speaker 2: with utility services. The scale of any economic loss is
• 2:02
  Speaker 2: often far more significant than the cost of utility service.
• 2:06
  Speaker 2: For instance, the costs will we recover from Northland for
• 2:11
  Speaker 2: the transmission grid, which does need a lot of a
• 2:13
  Speaker 2: maintenance up there, works out on average to about one
• 2:16
  Speaker 2: dollar per day for each of the electricity consumers in.
• 2:20
  Speaker 1: Northland, So you do accept that the damage done was
• 2:23
  Speaker 1: somewhere between thirty and eighty and so one million is
• 2:25
  Speaker 1: just a gesture.
• 2:28
  Speaker 2: The economic loss of not having a service like electricity
• 2:33
  Speaker 2: or water or gas is always way higher than what
• 2:37
  Speaker 2: has charged there, so we do acknowledge their economic costs
• 2:41
  Speaker 2: if you work that out, is in what we've ranged
• 2:44
  Speaker 2: different people have come to calculate that and.
• 2:47
  Speaker 1: Is compensation still on the table or as a millionaire
• 2:50
  Speaker 1: thanks for coming by by and go away.
• 2:54
  Speaker 2: Well, we've reiterated that domestic reidential consumers can talk to
• 2:58
  Speaker 2: their retailer if they stuff us. Obviously, larger industries approaching
• 3:05
  Speaker 2: us with their insurance claims, we'll deal with those. That's
• 3:10
  Speaker 2: you know, those seven years are open. But this is
• 3:14
  Speaker 2: something back to the Northland community to allow it to
• 3:17
  Speaker 2: move forward and for us to help them with not
• 3:22
  Speaker 2: only their electricity supply but some of the other challenges
• 3:24
  Speaker 2: they have.
• 3:25
  Speaker 1: Well, I can't understand John. I mean, ultimately you are
• 3:28
  Speaker 1: responsible because you employer mixim I get that part, But
• 3:31
  Speaker 1: essentially they're idiots that didn't do their job. Why aren't
• 3:34
  Speaker 1: they paying nine hundred ninety nine thou nine hundred and
• 3:36
  Speaker 1: ninety nine and U toss in the scent.
• 3:40
  Speaker 2: Well, we are responsible, and while we could argue who
• 3:46
  Speaker 2: how much should be shared, we're comfortable that it's a
• 3:49
  Speaker 2: fifty fifty arrangement that seems appropriate. And we're doing a
• 3:53
  Speaker 2: lot of work and you've seen the various reports and
• 3:55
  Speaker 2: recommendations which we're all on to make sure we support
• 3:59
  Speaker 2: our provide. I didn't like to make them so that
• 4:01
  Speaker 2: they get things right and something like this never happens again.
• 4:04
  Speaker 1: Well the type not John go Well John Clark, who's
• 4:07
  Speaker 1: the transparer CEO