Gov­ern­ment taps elec­tric­ity prof­its

The Courier-Mail - - STATE POLITICS -

QUEENS­LAND’S merged en­ergy busi­nesses earned a bumper profit of nearly $1 bil­lion last fi­nan­cial year.

The En­ergy Queens­land an­nual re­port, re­leased yes­ter­day, showed the new or­gan­i­sa­tion recorded an $881 mil­lion profit, with the money be­ing paid to the Queens­land Gov­ern­ment through div­i­dends.

“Over­all the strength of our fi­nan­cial per­for­mance across the En­ergy Queens­land Group, with the in­creased d fo­cus on ef­fi­ciency and ef­fec­tive­ness across the Group’s op­er­a­tions and the strength of our rev­enue po­si­tion, de­liv­ered a con­sol­i­dated net profit after tax of $881 mil­lion,” the an­nual re­port said.

Op­po­si­tion En­ergy spokesman Michael Hart (pic­tured) said Queens­lan­ders were be­ing gouged on their elec­tric­ity bills to im­prove the Gov­ern­ment’s fi­nances.

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