❓ Opposition asks about the financial performance of government electricity utilities following the Premier's announcement of potential price increases. The Minister provides some data and refers to public reports and the upcoming State Budget.
AnsweredQoN 334Legislative Council
QuestionView source ↗
ELECTRICITY — RETAIL PRICE INCREASE
I refer the minister to the Premier’s announcement of Labor’s plan for 10 per cent annual retail electricity price rises after the next election. (1) Will the minister provide total income and operating cost cash flow figures for the half-year to the end of December 2007 for all four government electricity utilities; and, if not, why not? (2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE
I refer the minister to the Premier’s announcement of Labor’s plan for 10 per cent annual retail electricity price rises after the next election. (1) Will the minister provide total income and operating cost cash flow figures for the half-year to the end of December 2007 for all four government electricity utilities; and, if not, why not? (2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE
AnswerView source ↗
I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1) Will the minister provide total income and operating cost cash flow figures for the half-year to the end of December 2007 for all four government electricity utilities; and, if not, why not? (2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
[See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1) Will the minister provide total income and operating cost cash flow figures for the half-year to the end of December 2007 for all four government electricity utilities; and, if not, why not? (2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(2) Does the minister expect the four government utilities to produce an aggregate cash operating profit for this year, as they did last financial year? (3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(3) Does the minister expect the four government utilities to produce an aggregate profit as per their operating statements for this year and as they did last financial year? Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Hon KIM CHANCE replied: I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
I thank the honourable Leader of the Opposition for providing some notice of the question. (1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1)-(3) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each corporation. Relevant financial performance data is provided below. The remainder of the answer is quite detailed. I table it and seek leave for its incorporation into Hansard . Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Leave granted. [See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
[See paper 3875.] The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
The following material was incorporated — I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
I thank the Hon. Member for some notice of this question. (1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
(1) Actual performance for the six months to 31 December 2007 is disclosed in the December quarterly reports for each Corporation. Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Relevant financial performance data is provided below. Verve Energy: Revenue — not provided Expenditure — not provided Earnings Before Interest and Tax — negative $6.6 million Net Profit After Tax — not provided. Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Western Power: Revenue — positive $466.7 million Expenditure — positive $231.4 million Earnings Before Interest and Tax — positive $162.4 million Net Profit After Tax — positive $52.8million Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Synergy: Revenue — positive $785.4 million Expenditure — positive $750.2 million Earnings before Interest and Tax — positive $34.1 million Net Profit After Tax — positive $23.9 million Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Horizon Power: Revenue — positive $108.7 million Expenditure — positive $94.8 million Earnings Before Interest and Tax — positive $2.7 million Net Profit After Tax — negative $4.0 million Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
Quarterly reports are published on the Electricity Corporation websites. 2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
2. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08, will be reported in the State Budget to be released in May 2008. 3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
3. Forecast flows to Government from the electricity corporations, based on expected out-turn for 2007-08 will be reported in the State Budget to be released in May 2008.
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