Media release: 30 May 2012
Greens NSW MP John Kaye said: "This is truly a dirty deal done dirt cheap. The O'Farrell government's fire sale might boost the Coalition's election war chest but it will do so at the expense of the environment, households and jobs.
"Premier Barry O'Farrell's legislation allows the Treasurer to privatise the profits and socialise the costs.
"For generations to come, households and taxpayers will end up bearing the burden of fattening up the Coalition's election war chest.
"The O'Farrell government is cashing in an ongoing income stream for the sake of a fistful of dollars to spend at the next election.
"Electricity privatisation is truly voodoo economics.
"Premier O'Farrell is hiding behind the same discredited excuse for privatisation that allowed former Treasurer Eric Roozendaal and Finance Minister Joe Tripodi to split apart the NSW Labor party.
"This state does not need new baseload generation and there is no $6 billion investment saving from privatisation.
"The lights are not about to go out in a publicly-owned electricity industry.
"This is the Coalition completing Labor's dirty work. Shooting in national parks was a step too far even for a government that was being driven by the likes of Michael Costa and Eric Roozendaal.
"The Shooters and the National Party have both back flipped on electricity privatisation.
"The Nationals have sold out rural and regional households.
"They have condemned their constituents to higher power bills and job losses while their Liberal colleagues in the city build an election war chest with the profits.
"The Shooters, Nationals and Liberals have launched NSW down the slippery slope of poles and wires privatisation," said Dr Kaye.
For more information: John Kaye 0407 195 455