MORRIS IEMMA’S PROPOSED POWER SALE

MORRIS IEMMA’S PROPOSED POWER SALE

28 August 2008

Thomas George, Nationals Member for Lismore said today the NSW Liberal/Nationals will vote against the Iemma Labor Government’s proposed sale of the State electricity assets.

“Morris Iemma’s proposed sell-off fails the public interest test,” Mr George said.

“Governments only get one opportunity to sell a public asset and, if they decide to sell, it’s essential that taxpayers get the best possible price. That’s not possible given the current uncertainty in the energy sector.

“There is too much uncertainty surrounding the Federal Government’s emission trading scheme.

“The Iemma Labor Government has an appalling record of dealing with the private sector – it has failed the public in deals ranging from the Cross City Tunnel to the building of the new Bathurst Hospital.

“Given their record of incompetence, Morris Iemma and Labor can’t be trusted to deliver a good result for taxpayers and consumers.

“Mr Iemma’s campaign to privatise electricity, despite promising during last year’s election not to, means the public can’t trust anything he says about power.

“Morris Iemma and Michael Costa have failed to get any legislative guarantees from the Rudd Government about emission trading and compensation issues.

“Capital market uncertainty is another factor given in the Iemma Government’s lowering of expectations on sale price.

“A decision to sell in the face of this uncertainty would be economically irresponsible.

“The NSW Liberal/Nationals are determined to do what’s right for the people of NSW. We are determined to act in the community interest.

“Unlike Labor at the last election, the NSW Liberal/Nationals will put our energy policy to the people before the next election.

“The policy will take into account the economic conditions and the changing nature of the energy industry,” Mr George said.

Lismore Contact Details:

Office: 55 Carrington Street  LISMORE
Postal: PO Box 52  LISMORE  NSW  2480
Telephone: 02 6621 3624
Facsimile: 02 6622 1403
Email: lismore@parliament.nsw.gov.au

Murwillumbah Contact Details:

Telephone: 02 6672 7577