PETER Schulz (“Power profits”, Letters, 5/11/17), believes that it would be foolish to sell a publicly-owned and operated system – referring to ETSA.
What would be foolish is to overlook the reason why ETSA was sold 18 years ago.
Does the collapse of the State Bank ring any bells, Peter? It was sold to save South Australia from sliding into bankruptcy due to the $2.5 billion debt left in the aftermath.
It would also be foolish to ignore the fact that electricity prices only began to escalate since 2009 – 10 years after the sale of ETSA. RUTH GILL Kensington Park