26 June 2006

Gouging Actew to pay the bills?

| johnboy
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Richard Mulcahy has put out an interesting media release on the subject of Actew being used to prop up the Government finances as the Chief Minister struggles to balance his pet projects with essential services.

Which makes us wonder about what feels like an increase in power outages in recent times…

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Remember that ACTEW earns it’s profit as dividends from the for-profit joint venture ActewAGL (maybe something from the water assets too, but those are deliberately being run revenue-positive to discourage high water consumption). I don’t think ACTEW could run ActewAGL as a charity without AGL’s agreement.

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