Transgrid

Electrical Trades Union NSW/ACT secretary Allen Hicks has criticised private operator Transgrid for the lengthy power failures in Broken Hill and surrounds. Jim McIlroy reports.

In the recent controversy over the proposed sale of key NSW state-owned electricity company Ausgrid to Chinese bidders, the primary issue seems to have been lost: a vital public asset such as Ausgrid should not be privatised in the first place, whoever the potential buyers might be. A storm broke out over the planned sale of Ausgrid by the state government to either of two Chinese corporations: the government-owned State Grid Corporation of China; or the privately-owned Hong Kong-listed Cheung Kong Infrastructure Group (CKI), controlled by billionaire Li Ka-shing.
"The NSW state budget brought down by the Mike Baird government on June 21, which was trumpeted by Treasurer Gladys Berejiklian as 'the strongest in the country,' is a scam, based on stamp duty from overpriced housing sales and the sell-off of the state's electricity assets," Peter Boyle, Socialist Alliance candidate for the seat of Sydney in the federal election, said on June 23.