RAJ REPORT

Queensland DEBT will blow out as DIVIDENDS from electricity companies FALL—–The biggest LABOR lie was the dividend from electricity companies would be used to reduce debt, the projections from the regulator is that electricity prices wil FALL and so will the dividend—–$760 million budget blow to Labor | dailytelegraph.com.au——A document containing modelling conducted by the NSW Treasury just four weeks ago forecasts dividends from the network will fall to virtually zero in four years. It also warns the network companies will eventually start losing money, forcing the government to subsidise them.————-But he said the modelling showed that if the government was prevented from reforming the sector, the taxpayer would end up having to not only pay for electricity but subsidise the companies that provided it. “It also shows that you can’t be dependent on dividends to pay for all your promises to pay for more nurses and teachers,” Mr Constance said.

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A document containing modelling conducted by the NSW Treasury just four weeks ago forecasts dividends from the network will fall to virtually zero in four years.

It also warns the network companies will eventually start losing money, forcing the government to subsidise them.

NSW Treasurer Andrew Constance conceded the lease sale price of the 49 per cent of the network companies could also be affected

But he said the modelling showed that if the government was prevented from reforming the sector, the taxpayer would end up having to not only pay for electricity but subsidise the companies that provided it.

“It also shows that you can’t be dependent on dividends to pay for all your promises to pay for more nurses and teachers,” Mr Constance said.

$760 million budget blow to Labor | dailytelegraph.com.au.

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