Hawker Britton Occasional Papers and Media

NSW Auditor-General’s Report

August 2008

blue bar

Oversight of the Electricity Industry Restructuring

In June 2008, NSW Parliament asked the NSW Auditor-General, Peter Achterstraat, to conduct a review of the Government’s proposed Electricity Industry Restructuring.

The NSW Government is proposing to sell the retail functions of Energy Australia and Country Energy, establish a leasing arrangement for the generators Macquarie Generation and Delta Electricity, and provide an initial public offering of Eraring Energy and the retail function of Integral Energy.

The Auditor-General’s terms of reference included:

  1. the way in which the Government wishes to proceed with the restructuring of the State’s electricity industry;
  2. to examine the proposed employee protections on offer.

On Wednesday, 21 August 2008, Mr Acheterstraat tabled his review report to the NSW Legislative Assembly.  The report found no major issues with the Government’s sale and lease.

However, the Auditor-General identified the following areas as requiring further consideration by the government:

The report also scrutinised the issue of protections proposed for New South Wales electricity customers and found them to be broadly consistent with those of other states.

For more information, see: http://www.audit.nsw.gov.au/publications/reports/special_reviews/pdf/oversight_of_electricity_industry_restructuring.pdf

hawker britton