tag:blogger.com,1999:blog-25637657.post2007638472485979593..comments2024-03-29T12:36:41.063+11:00Comments on New England, Australia: Sydney's past asset grab, now electricity prices go sky-highJim Belshawhttp://www.blogger.com/profile/10075614280789984767noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-25637657.post-25419482101947035072011-10-16T17:46:22.743+11:002011-10-16T17:46:22.743+11:00Lucky for the people solar device for home is alre...Lucky for the people solar device for home is already available.Business Accountants Melbournehttp://www.rogersonkenny.com.au/homenoreply@blogger.comtag:blogger.com,1999:blog-25637657.post-59504218561502044862011-04-15T17:26:38.343+10:002011-04-15T17:26:38.343+10:00The difficulty is, Greg, that he was actually back...The difficulty is, Greg, that he was actually backed up by Treasury officials who believed the stuff they wrote!Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-25637657.post-7065976109196446922011-04-15T09:03:59.485+10:002011-04-15T09:03:59.485+10:00Good post Jim. It never did have anything to do wi...Good post Jim. It never did have anything to do with efficiency. It is plainly obvious that businesses with low debt tend to be more profitable, less exposed to risk and in a better position to respond to changes requiring capital investment and maintenance programs.<br /><br />The reality is that the NSW electricity industry structure as it was then, worked very well at delivering stable, reliable, cost efficient electricity while maintaining a program of capital investment in local infrastructure. In fact it probably worked too well which is why it became a target for a greedy government.<br /><br />Egans comments were no more than a pretext and justification for a systematic program of cash stripping by the government.Gregnoreply@blogger.com