Vector holds on to some of its profit to reinvest in the business and to pay for the undergrounding of power lines.
The Trust has an agreement with Vector that commits it to spend over $10m a year replacing power lines and power poles with underground cables.
All AECT trustees were instrumental in bringing about the undergrounding programme, and this is a good example of why you should vote in the upcoming elections, and vote well.
So far, more than 124km of power lines have disappeared underground, and I think that’s great however the Trust needs to speed up the project because it adds value to the network and at current rates it is likely to take 40 years to complete.