Former Premier Criticises Labor’s Push for Public Ownership of Victoria’s Power Network

Started by Epoch-Times-Bot, Oct 24, 2022, 03:00 AM

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Epoch-Times-Bot

Oct 24, 2022, 03:00 AM
Former Premier Criticises Labor's Push for Public Ownership of Victoria's Power Network

Victorian Premier Daniel Andrews has called out the former Liberal government’s privatisation of the energy grid in Victoria as the Labor government heads toward the election with a promise to renew the public ownership of part of the Australian state’s power network.
On Oct. 20, the premier said his Labor government would spend $1 billion (US$628 million) to revive the State Electricity Commission (SEC), which was privatised under the Kennett government in the 1990s, if it won the state election in November.
Under the new plan, the state government will take a 51 percent stake in the SEC, and the remaining 49 percent will be designated for superannuation funds....

Source: Former Premier Criticises Labor's Push for Public Ownership of Victoria's Power Network

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