Tuesday, 4 March 2014

ACCC knocks back Macquarie Generation sale to AGL over competition concerns - Australia State of NSW

http://www.abc.net.au/news/2014-03-04/accc-refuses-to-approve-power-sale-to-agl/5296982 
" The Australian Competition and Consumer Commission (ACCC) has knocked back the New South Wales government's plan to sell its biggest generator." -

This article is short sharp and well put together and well worth a read  - Greg Mclean . - My comment  -  This was part of the roll out of privatisation - it might make some companies think carefully in the future and maybe, just maybe govts realising that privatisaton does not provide the answers, if a competition watch dog says its no good .. maybe govt need to rethink and just leave it in the hands of the public sector ?