THE DISTILLERY: Power and money

Jotters hail a balance sheet boost from the clean-up of New South Wales’ power station plans, while one warns of long-term economic headwinds.

Three business journalists are almost thankful that the New South Wales government’s agreed to sell Eraring Energy to Origin Energy and cancel a coal supply agreement. The move cleans up a complicated arrangement put in place by the former Labor government. This sense of gratitude comes from the liabilities that the arrangements had placed on the state government’s balance sheet.

Also, it’s rate decision day!

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