Kaye calls for power to the people
IT SEEMS there's been a change of heart on the privatisation of power.
According to Greens NSW MP John Kaye, Nationals MP Andrew Fraser should be ashamed of his vote to privatise the state's electricity generators.
On Wednesday Mr Fraser joined Liberal and National party colleagues to pass legislation through the state's Lower House authorising Treasurer Mike Baird to sell the state's power stations.
"In opposition, the Nationals spoke up for rural and regional communities and killed off Labor's first attempt to privatise the electricity industry," Mr Kaye said.
"Because of Andrew Fraser's vote, rural households will pay more for power to help pay for the city's rail and road network.
"It's now clear that the National Party's opposition to Labor's power sell-off was nothing more than an electoral stunt."
Mr Fraser said that the move was not a backflip, but a decision to make the industry more competitive.
"Partial privatisation wasn't working," Mr Fraser said.
"They pulled out something like over $10 billion in dividends over 10 years."
"The result was we were loaded up with debt with no cash to reinvest, the only way to do anything was to sell them and give the Government some working capital," Mr Fraser added.