Doesn't seem much of a deal from what doesn't seem much of a government:
THE "$5.3 billion sale" of the state's power assets has been exposed as a dud, with the Government's sales team admitting yesterday billions could be ripped from the proceeds because of a web of contract deals.
Three years after Morris Iemma vowed he would reap $10-15 billion from an electricity sale, it now seems taxpayers might receive only $2-3 billion for infrastructure in Kristina Keneally's sell-off.
It's also terrible timing. Selling coal-fired power stations just when you have a warmist federal government that wants to tax them out of existence isn't a winning strategy.
Published on January 17, 2011 18:46