❓ Hon. Kate Doust asks about the release of the Oates report on Verve Energy's financial situation. Hon. Peter Collier acknowledges the report's alarming findings and states the release date will be considered after cabinet consultation.
AnsweredQoN 784Legislative Council
QuestionView source ↗
VERVE ENERGY — OATES REPORT
I refer to the minister’s commitment to make public the Oates report into the financial situation of Verve Energy. (1) Will the minister release the report for public and industry comment prior to cabinet consideration? (2) If not, at what point will the report be made public? Hon PETER COLLIER
I refer to the minister’s commitment to make public the Oates report into the financial situation of Verve Energy. (1) Will the minister release the report for public and industry comment prior to cabinet consideration? (2) If not, at what point will the report be made public? Hon PETER COLLIER
AnswerView source ↗
I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(1) Will the minister release the report for public and industry comment prior to cabinet consideration? (2) If not, at what point will the report be made public? Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(2) If not, at what point will the report be made public? Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(1) Will the minister release the report for public and industry comment prior to cabinet consideration? (2) If not, at what point will the report be made public? Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(2) If not, at what point will the report be made public? Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
Hon PETER COLLIER replied: I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
I thank the member for the question. (1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
(1)-(2) I have received a draft copy of the Oates report at this stage. It is not final. I will consider the date on which I will release that report after consultation with cabinet. The draft report has revealed some pretty alarming issues regarding the electricity sector and the energy sector at large. We have some massive issues that the government must address. Essentially, the disaggregation process has created an enormous problem for the state because of the enormous cost to the state’s balance sheet of the losses of Verve Energy. That is something that we must look at. In essence, Verve cannot continue to consume the amount of dollars that it has been consuming over the past two or three years. We will look at the Oates report when I have received the final report. I will have discussions, obviously, with the Premier and my cabinet colleagues and then we will make a determination on the way forward.
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