NSW: No major issue with power sell-off: Auditor-General=2

AAP General News (Australia)
08-21-2008
NSW: No major issue with power sell-off: Auditor-General=2

Mr ACHTERSTRAAT's review recommends the state government set a reserve price .. prior
to selling or leasing out its electricity retailers and power generators.

And he says any transaction shouldn't proceed unless that reserve price is met.

The review's recommended the state government look at selling individual retailers
and leasing out its individual generators all at the one time .. rather than sequentially
as has been proposed.

Mr ACHTERSTRAAT's reviewed the employee protections being offered to electricity sector
workers.. and says the conditions are as good or better that those in other privatisations
and restructures.

If the opposition supports the privatisation proposal .. legislation enabling the sale
is likely to go before NSW parliament shortly after it resumes on September 23.

AAP RTV nr/wjf/tm

KEYWORD: ELECTRICITY REPORT 2 SYDNEY

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