27 Aug 2008

Power sale proposal due before NSW parliament

2:01 pm on 27 August 2008

A proposal by the New South Wales government to sell or lease the state's electricity operators goes to a vote in parliament this week.

Premier Morris Iemma has recalled parliament a month early, for two full days this Thursday and Friday to debate and vote on the sale.

The proposal would see retailers Energy Australia and Country Energy sold and generators Delta Electricity and Macquarie Generation leased in long term agreements.

Last Thursday, NSW Auditor-General Peter Achterstraat said he had "no major issue" with the $A25 billion proposal.

After a weekend conference, the NSW Greens Party reaffirmed its opposition to the plan and called for the Opposition to do the same. Opposition leader Barry O'Farrell has not yet stated his position.