NSW Government acts to secure State’s energy supply
Source: NSW. Premier. Media Release
"Premier Morris Iemma announced the future energy needs of the State’s businesses and families will be secured at no cost to taxpayers in response to the Owen Inquiry into electricity supply in NSW. Mr Iemma said the government would accept Professor Owen’s key recommendations while still keeping electricity assets in public ownership. The decision is expected to save NSW taxpayers up to $15 billion over the next 10 to 15 years, at the same time as ensuring electricity supply and reliability keeps pace with growing demand.
Mr Iemma said that in order to provide for new energy generation by the private sector, the government would lease existing electricity generators to private operators, while keeping them in public ownership. "