The consistent confusion over poles and wires being perpetuated by Labor politicians and supporters, from Luke Foley to Ryan Park to other union mouthpieces, show either a lack of knowledge or incompetence.
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What is being proposed is a standard business structure bringing the future cash flows of a business into a net present value – to be used to create assets that, over time, will produce growth and income far in excess of the original values.
A partial lease (being proposed by Liberals) means the people retain ownership – just like when someone leases an investment property. The proposal is to lease 49per cent of the poles and wires – which means the 51per cent ownership by the government would allow them to determine the ongoing price being charged.
Ryan Park has publicly said he doesn’t understand how the sale price has been determined. Again, this scare tactic carries no weight as the price estimate is based on a multiple of the net income stream currently being generated.
Ryan should be smart enough to seek economic advice if he is out of his depth because the alternative is to appear either dishonest or inept.
Greg Jones, Bulli
The Premier of NSW is urging voters to sell half of the NSW electricity network – customer upgraded businesses that deliver a billion dollars plus per annum to the state treasury.
If sold later on, it will be up to voters – energy consumers – through increased power bills to prop up these polluting coal/gas enterprises.
Polluting power stations need coal. It turns out the government has been sitting on plans for the development of up to 16 open-cut coal mines in the Upper Hunter Valley. The plans are in the process of environmental review.
Mike Baird, the buzzwords for the 21st century are: “non-polluting” “renewable energy” and “future generation”.
John Macleod, Berry
It seems NSW is becoming aware at last that coal seam gas will ruin water tables and farmland across the state.
Marie Bashir, Alan Jones, Fred Nile...there are many onside now all stepping in the right direction.
What a great many of us have been doing is meeting, marching, demonstrating, door knocking, letter writing and delivering countless flyers and this is beginning to make CSG mining an issue.
A few good political lawyers could challenge the seemingly unchallengeable NSW Petroleum (Onshore) Act 1991 and evict those unwelcome invasive mining companies, killing any further attempts at CSG mining, and while it’s never too late, this Act should have been challenged four years ago.
NSW people-power is slowly, but surely, bringing CSG mining to its knees
Brian Johnson, Gymea
This election seems to be all about the sale of electricity poles and wires and building new roads. Has any politician of any party mentioned water storage like building new dams or increasing the capacity of the current ones? How long since we have built new dams in NSW? The increase in population in the coming years in Sydney means we will not be able meet our water needs.
It’s no good having electricity and good roads if we cannot get a drink of water as we cannot survive without it.
Ernest Ronald, Woonona