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Australia's Dumping Its Poles And Wires
Views: 344
Jul 30 2014 10:30 PM | eds in Economy & Politics
The 2nd-biggest sale ever, of a state asset.The government of New South Wales state prepares to offer a
. . . 49% stake in its electricity distribution network for around
. . . $10 billion.
Some of the experts are calling for hefty writedowns,
. . . before the NSW Network's businesses are sold.
"The days of having a relatively predictable, low single digit growth path,
. . . they're gone," said Standard & Poor's credit analyst Richard Creed,
. . . referring to energy volumes.
07-30-2014 Source: Australia's dumping it's 'poles and wires'
