Larry Williams Drive

The CTU's head says excessive dividends for shareholders are stopping power companies investing more in generation.  The union says the partially Government-owned gentailers should re-nationalise.  Energy Minister Simon Watts will make an announcement tomorrow on sector reform.  Richard Wagstaff says gentailers have their priorities wrong.  "Between 2016 and 2020, there's 1.2 billion in capital expenditure - that was about a fifth of the dividend payout. There's no more generated today than there was 10 years ago." LISTEN ABOVESee omnystudio.com/listener for privacy information.