A parliamentary question regarding the Premier's decision to re-amalgamate state-owned energy utilities, seeking details on the decision-making process, communication with the Energy Minister, and potential compensation costs to private investors. The answer provides limited information, citing confidentiality and future announcements.

AnsweredQoN 7391Legislative Assembly
Asked
1 March 2012
Portfolio
Premier

QuestionView source ↗

I refer to the Premier's decision to amalgamate Synergy, Verve Energy, Western Power and Horizon Power to form two utilities, and I ask:
(1) on what date did the Cabinet make a decision to reverse its 2009 decision to reject re-amalgamation of the electricity supply industry;
(2) did the Premier inform the Minister for Energy of his decision to form two utilities, and if yes, on what date did the Premier inform the Minister; and
(3) has the Premier received advice on the extent of compensation that will need to be paid to private sector energy investors following this decision, and if yes, what is the estimated quantum of compensation that will need to be paid?

AnswerView source ↗

Answered
15 May 2012
Response time
75 days
(1) Discussions relating to Cabinet deliberations and decisions remain confidential.
(2-3) The Government remains committed to addressing the rationalisation of the State's energy utilities and further announcements will be made in due course.
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