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.

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