PRIVATIZATION – GOVERNMENT POLICY – NEW SOUTH WALES

Poles and wires sale no threat to budget: Baird

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Original article by Geoff Winestock
The Australian Financial Review – Page: 1 & 12 : 19-Mar-15

New South Wales Premier Mike Baird has downplayed concerns raised by UBS about the potential impact of the proposed electricity network privatisation on the state’s Budget. The "poles and wires" contribute about $A700m to government coffers each year, but Baird argues that the loss of this revenue will be offset by an economic benefit of $A300m over two decades arising from the state’s asset-recycling program. He also does not expect the unpopularity of the Federal Government to affect the state election

CORPORATES
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, UBS HOLDINGS PTY LTD, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, NEW SOUTH WALES. THE TREASURY, LIBERAL PARTY OF NEW SOUTH WALES, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL FOR THE AUSTRALIAN FEDERATION, RESERVE BANK OF AUSTRALIA

Biggest power buyers back electricity sales

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Original article by Will Glasgow
The Australian Financial Review – Page: 1 & 12 : 5-Mar-15

Energy-intensive companies such as Boral and Orora support the New South Wales Government’s proposal to privatise the state’s electricity network if it wins the 2015 election. Energy Users Association of Australia CEO Phillip Barresi has rejected warnings from trade unions that selling the state’s "poles and wires" will result in higher electricity prices. Some 5,000 people attended a union-organised anti-privatisation rally outside Parliament House on 4 March

CORPORATES
BORAL LIMITED – ASX BLD, ORORA LIMITED – ASX ORA, ENERGY USERS ASSOCIATION OF AUSTRALIA, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, ELECTRICAL TRADES UNION, AUSTRALIAN ENERGY REGULATOR, NEW SOUTH WALES. INDEPENDENT PRICING AND REGULATORY TRIBUNAL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, WOOLWORTHS LIMITED – ASX WOW, McKELL INSTITUTE

ACCC endorses $13b power sale

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Original article by Will Glasgow
The Australian Financial Review – Page: 9 : 19-Feb-15

The Australian Competition & Consumer Commission (ACCC) has no objections to the New South Government’ plans to partially lease the state’s electricity network. The Government wants to offer 99-year leases, which would cover 49 per cent of the state’s electricity and distribution businesses. ACCC chairman Rod Sims said on 18 February 2015 that the initiative would result in lower prices for households

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN ENERGY REGULATOR, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY

Concerns grow over NSW asset sales

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Original article by Will Glasgow
The Australian Financial Review – Page: 8 : 10-Feb-15

A new public opinion poll shows that support for asset sales in New South Wales is waning. The Fairfax Media/Ipsos poll, which was carried out from 5-7 February 2015, shows that 23 per cent of electors support the partial sale of the electricity network. This is six per cent lower than in November 2014. The State Government will use proceeds from the partial privatisation to fund new infrastructure projects if it wins the 28 March election

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF NEW SOUTH WALES, LIBERAL-NATIONAL PARTY OF QUEENSLAND

Baird to launch new sales pitch for poles, wires

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Original article by Sean Nicholls
The Sydney Morning Herald – Page: 3 : 25-Nov-14

Public opinion polling by Fairfax/Ipsos indicates that New South Wales (NSW) Premier Mike Baird may be making gains in his attempt to convince voters of the merit in electricity distribution asset sales. He is linking the funds to be raised in the privatisation to investment in new infrastructure. This includes an extra $A300m for bus lanes, and $A600m for cultural projects such as new arts precincts, maintenance work at the Sydney Opera House, and a new Sydney Modern wing for the Art Gallery of NSW

CORPORATES
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, SYDNEY OPERA HOUSE, ART GALLERY OF NEW SOUTH WALES, INFRASTRUCTURE NEW SOUTH WALES, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, AUSTRALIAN LABOR PARTY