NSW: ALP wouldn t get power sale through = 2

AAP General News (Australia)
02-04-1999
NSW: ALP wouldn t get power sale through = 2

Mr Phillips strongly pushed the importance of an imminent sale for getting a good price for
the assets.

"I am genuinely and really concerned that NSW is missing a great opportunity," he told the
conference.

He referred to the Victorian government's sale of its gas industry in which US company
Texas Utilities paid $1.6 billion for the gas distribution and retail business, Westar-Kinetik
Energy.

The price, revealed last week, was well up on the expected price of $1.4 billion.

"The market's not always this good, it's not always this …