❓ Mr. Buswell questions the Minister for Energy (Mr. Logan) regarding Verve Energy's significant financial turnaround from a forecast dividend to a substantial loss. The Minister attributes the loss to fuel prices, labour costs, and material costs, forecasting a positive outcome post-2010.
AnsweredQoN 618Legislative Assembly
QuestionView source ↗
VERVE ENERGY - GENERAL RESIDENTIAL TARIFF
I ask a supplementary question. Will the minister explain to the house how Verve Energy’s performance has seen a forecast dividend of $11 million become a $52 million loss - a $63 million turnaround? Mr F.M. LOGAN
I ask a supplementary question. Will the minister explain to the house how Verve Energy’s performance has seen a forecast dividend of $11 million become a $52 million loss - a $63 million turnaround? Mr F.M. LOGAN
AnswerView source ↗
Yes, very simply, and I have explained this on numerous occasions to the house as well; again, the shadow Treasurer was not listening. I have spoken at length on this very issue in this house, and it goes to fuel prices, increased labour costs, and material costs. I have explained in this house on numerous occasions why Verve Energy is currently suffering the financial lows that it is going through - Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Mr F.M. LOGAN replied: Yes, very simply, and I have explained this on numerous occasions to the house as well; again, the shadow Treasurer was not listening. I have spoken at length on this very issue in this house, and it goes to fuel prices, increased labour costs, and material costs. I have explained in this house on numerous occasions why Verve Energy is currently suffering the financial lows that it is going through - Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Yes, very simply, and I have explained this on numerous occasions to the house as well; again, the shadow Treasurer was not listening. I have spoken at length on this very issue in this house, and it goes to fuel prices, increased labour costs, and material costs. I have explained in this house on numerous occasions why Verve Energy is currently suffering the financial lows that it is going through - Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Mr F.M. LOGAN replied: Yes, very simply, and I have explained this on numerous occasions to the house as well; again, the shadow Treasurer was not listening. I have spoken at length on this very issue in this house, and it goes to fuel prices, increased labour costs, and material costs. I have explained in this house on numerous occasions why Verve Energy is currently suffering the financial lows that it is going through - Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Yes, very simply, and I have explained this on numerous occasions to the house as well; again, the shadow Treasurer was not listening. I have spoken at length on this very issue in this house, and it goes to fuel prices, increased labour costs, and material costs. I have explained in this house on numerous occasions why Verve Energy is currently suffering the financial lows that it is going through - Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
The SPEAKER : Order, members! Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
Mr F.M. LOGAN : - and the positive outcome for Verve post-2010.
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