December 20, 2013
The State Government has named the advisers who will undertake “scoping studies and market soundings” to investigate future options for Queensland’s to government-owned power generators.
The successful proponents are:
- CS Energy and Stanwell studies – Lazard
- Ergon, Energex and Powerlink private sector funding – Rothschild and Bank of America Merrill Lynch
- Energy markets advisers (generator/retailer business) – Energy Edge and ACIL Allen
“These advisers will start work immediately and will provide us with information on the commercial and regulatory issues that might arise if the Government made a decision to sell or lease government businesses,” Treasurer Tim Nicholls said.
“Their findings will form the basis for a considered and mature conversation with Queenslanders about the future of these businesses.
“This action is in line with the government’s response to the Commission of Audit and the studies are the first step in considering how the government can reduce the black cloud of debt that hangs over Queensland’s future.”
Mr Nicholls said the Government wanted to look at options that would free up funds for future infrastructure and better services, as well as pay down debt.
“The government isn’t rushing into any decisions but rather going through a planned and methodical process to ensure we get the best outcomes for securing Queensland’s financial future.”
Mr Nicholls said the advisers would complete the studies by the end of February.
