Queensland election loss bad news for Spark Infrastructure

After just three years in office, Queensland Premier Campbell Newman was unceremoniously booted out on Saturday night and, with him, plans for the largest sale of electricity assets in Australia’s history. That’s good news for New South Wales taxpayers. The NSW state government plans to raise more than $15bn by privatising its electricity transmission network, TransGrid, as well as selling 50% stakes in energy retailers Ausgrid and Endeavour Energy. With the Queensland assets no longer for sale, there's now plenty of foreign capital chasing fewer opportunities. And with yesterday’s decision by the Reserve Bank to cut interest rates to their...

After just three years in office, Queensland Premier Campbell Newman was unceremoniously booted out on Saturday night and, with him, plans for the largest sale of electricity assets in Australia’s history.

That’s good news for New South Wales taxpayers. The NSW state government plans to raise more than $15bn by privatising its electricity transmission network, TransGrid, as well as selling 50% stakes in energy retailers Ausgrid and Endeavour Energy.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles