❓ Opposition Leader Buswell questions Premier Carpenter about alleged interference in Western Power and Verve Energy's financial forecasts, suggesting manipulation to inflate profits. The Premier denies directing Western Power and defends the government's financial modelling process.
AnsweredQoN 184Legislative Assembly
QuestionView source ↗
WESTERN POWER AND VERVE ENERGY
I refer to the advice the Premier received from Western Power about which I asked a question without notice in Parliament yesterday, and the Premier’s subsequent letter back to Western Power of February 2006 addressed to Mr Neil Hamilton, which I am holding in my hand. (1) Given what has happened, does the Premier still believe that it was wise for him to request that Western Power resubmit budget forecasts which better achieve reasonable shareholder expectations of appropriate operational and financial performance and to further insist that Verve Energy’s performance move from a loss forecast to a profit? (2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER
I refer to the advice the Premier received from Western Power about which I asked a question without notice in Parliament yesterday, and the Premier’s subsequent letter back to Western Power of February 2006 addressed to Mr Neil Hamilton, which I am holding in my hand. (1) Given what has happened, does the Premier still believe that it was wise for him to request that Western Power resubmit budget forecasts which better achieve reasonable shareholder expectations of appropriate operational and financial performance and to further insist that Verve Energy’s performance move from a loss forecast to a profit? (2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER
AnswerView source ↗
(1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(1) Given what has happened, does the Premier still believe that it was wise for him to request that Western Power resubmit budget forecasts which better achieve reasonable shareholder expectations of appropriate operational and financial performance and to further insist that Verve Energy’s performance move from a loss forecast to a profit? (2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(1) Given what has happened, does the Premier still believe that it was wise for him to request that Western Power resubmit budget forecasts which better achieve reasonable shareholder expectations of appropriate operational and financial performance and to further insist that Verve Energy’s performance move from a loss forecast to a profit? (2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(2) Does the Premier accept that there is not even a basic economic case made in the letter or the attachments to the letter for any kind of revision to the original estimates? (3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(3) Does the Premier accept that the figures for profit he demanded Western Power use were completely drawn from thin air to justify his political situation at the time; indeed, is this not proved by the fact that the Premier’s figure of $110 million of profit demanded from Verve in 2006-07 turned out to be a profit of only $13 million, a massive $97 million discrepancy? (4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(4) Is the letter not clear evidence that the Premier, as Minister for Energy at the time, attempted to direct Western Power to cook the books in relation to Verve Energy, and in doing so has directly contributed to the loss of $1 billion and the massive increase in power bills — Withdrawal of Remark The SPEAKER : I ask the Leader of the Opposition to take his seat. Not only is that an extremely long question, which should be avoided at all costs, but also the Leader of the Opposition should immediately withdraw the inference in relation to dishonest implication. Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. BUSWELL : Mr Speaker, I will rephrase that last part. The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Withdraw! Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. BUSWELL : I will withdraw and rephrase it; thank you, Mr Speaker. Questions without Notice Resumed Mr T. BUSWELL : The fourth part of my question is — (4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(4) Is the letter not clear evidence that the Premier, as Minister for Energy, directed Western Power to alter the books for Verve Energy, and in doing so he, as Minister for Energy, directly contributed to the loss of $1 billion and the massive increase in power bills that we are now facing? Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER replied: (1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
(1)-(4) The short answer, of course, is no. I could leave it at that. It is ridiculous. All the parts of the Leader of the Opposition’s assertions are absolutely ridiculous. Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr J.H.D. Day : Did you direct Western Power or not? Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : No, not as a formal direction to Western Power. Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr J.H.D. Day interjected. The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Member for Darling Range! Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : The government undertook financial modelling in 2005 and 2006. This modelling was done by a joint project team involving Western Power and Office of Energy staff, overseen by a steering committee including senior executives of these agencies and the Department of Treasury and Finance. The government and I at the time accepted this advice. Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : Over Western Power’s advice. Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : Western Power staff were on the team. Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : Ha! Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : They were. Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr T. Buswell : If they were on the team, why did you have to write back and tell Neil Hamilton to change his views? The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
The SPEAKER : Leader of the Opposition! Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
Mr A.J. CARPENTER : As part of this modelling, it was recommended that the government identify targets based on reasonable shareholder expectations, and that is exactly what we did. We took advice from the key departments of the time, Treasury and the Office of Energy.
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