One Nation (NSW Division) Media Release - 2/5/2008
Unions Must Stand Firm Against Iemma's Bid to Sell Our Power System
NSW Unions and the ALP rank and file must stand firm against Premier
Iemma's bid to sell off our electrical power system.
The private investors eager to get their hands on this licence to print
money aren't a charity organization, electricity users will have to pay
back whatever the private investors pay for the system so the investors
can recoup their money.
There are 3,200,000 electricity account holders in NSW, if our power
system is sold for $15 billion, each account holder will eventually have
to repay their share of this which is about $4,200. and this is over and
above operating costs, interest repayments, exhorbitant salaries of the
private owners and even more exhorbitant profits.
The NSW Government will also lose whatever profit it now makes from the
power system.
Apart from that could you have any faith in a scheme that was dreamed up
by those responsible for the Cross City Tunnel?
The cheapest way to upgrade NSW power is for the Government to borrow the
money, as it's just a fact that governments can borrow money at a cheaper
rate than private companies.
When One Nation was formed thousands of ALP members and voters flocked to
the new party because the ALP had abandoned its traditional supporters.
One Nation says NSW unions and ALP delegates should stick to what is left
of their principles and vote to retain NSW Electricity in public hands.
Statement issued May 2nd, 2008 on behalf of One Nation (NSW Division) by Bob Vinnicombe Publicity Officer
For more information contact Bob Vinnicombe 0407949963 / (02) 96454910
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