NSW power sale threat as Australian Energy Regulator cuts revenues 30pc

‘NSW electricity networks have threatened to appeal a decision by the Australian Energy Regulator that will trim their revenues by as much as 30 per cent over the next four years and could affect the outcome of the Baird government’s $13 billion privatisation plans.

The AER on Thursday in its final decision on prices for the state’s electricity network businesses, cut revenue for the next four years by about $7 billion or 30 per cent below what the firms wanted…’

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