as i recall the facts, labour wanted to sell the grid, but were prevented through internal party dissent with the concept, and some reshuffling occurred
then the young liberal fellow baird progressed the idea on the grounds that it would fix the budget and the money would be used for something marvellous that i've already forgotten... bad railway additions, or maybe some
freetollways to sell to a private operator, or just "progress"
here, have a trip down memory lane on me :
NSW electricity privatisation all set to go thanks to Baird government victory
by Will Glasgow
The major hurdle for the biggest privatisations in Australia for the next two years has been cleared with the emphatic victory of Premier Mike Baird's Coalition government in New South Wales.
To the great relief of bankers and other advisers on the deals, Mr Baird's strong performance at the March 28 election has meant the ambitious privatisation agenda was not scuttled as Premier Campbell Newman's $30 billion pipeline was three months earlier in Queensland.
The government's advisers UBS Australia and Deutsche Bank have already begun work on expressions of interest for NSW's electricity network privatisation.
"The aim remains to have the first transaction done within 12 months," says Mr Baird.
But upper house and regulatory obstacles remain before the $25-odd billion, 99-year leasing of the three NSW electricity network businesses –Transgrid, Ausgrid and Endeavour – can go ahead.
The first transaction will be the 99-year lease of high voltage transmission business Transgrid, which is expected to be finished in the second half of 2015. The NSW government will then lease 50.6 per cent of electricity distribution businesses Ausgrid and Endeavour in a still to be determined order.
Mr Baird has indicated an eagerness to close the transactions as soon as possible to take advantage of a favourable environment for sellers of assets that produce reliable, long-term returns.
The government has a further incentive to bring the businesses to market soon, as it has linked $20 billion of new rail, roads, schools and hospitals to proceeds from the network privatisation.
All up, the process is expected to take about two years.
as for carbon tax.... the best idea that never happened - not because i like taxes, but putting a price on production of pollution alters people's mind set rather impressively (sort of like the $2 token on shopping trolleys focusses people on the benefit of not dumping them)
works on container deposit legislation too (a south australian thing, hom of ms. gillard when i went to school with her older sister back in time before the internet), when it's well implemented - which is why it's been a non-event since the launch in nsw - the price of containers went up by 10c, and the collection arrangements are a total fuck up, because that's how we do things here, apparently