NSW taxpayers could be forced to pay more than $15 billion to indemnify private companies bidding for NSW's power assets, a report has found.
Full report from the Sydney Morning Herald
Would you purchase significant fossil based power production assets in the context of a Labor's recent electoral 'mandate', Australia's entry into Kyoto and the coming carbon cap / emissions trading scheme?
...certainly not without some financial guarantees. Looks like these fossil stations may be a bit of a hot potato and the utilities want to make certain they buy a dog with plenty of 'hunt' left in it.
The way I interpret the article, plants may have to shut down due to carbon/emissions caps. This would lead to the utility's financial recovery through the aforementioned indemnity. This would leave the taxpayer $15 billion short AND without adequate power production [and/or failure to meet emissions targets]?
Is this so?
Full report from the Sydney Morning Herald
Would you purchase significant fossil based power production assets in the context of a Labor's recent electoral 'mandate', Australia's entry into Kyoto and the coming carbon cap / emissions trading scheme?
...certainly not without some financial guarantees. Looks like these fossil stations may be a bit of a hot potato and the utilities want to make certain they buy a dog with plenty of 'hunt' left in it.
The way I interpret the article, plants may have to shut down due to carbon/emissions caps. This would lead to the utility's financial recovery through the aforementioned indemnity. This would leave the taxpayer $15 billion short AND without adequate power production [and/or failure to meet emissions targets]?
Is this so?
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