Last week, Victorian Premier Dan Andrews paraded his inner Lenin. He attacked Victoria’s privately owned coal generation businesses, claiming that they have taken ‘$23 billion in profits off pensioners, families and businesses’ and announced that they must be effectively driven out of business by state-owned alternatives.
Those facilities were sold to the private sector during the 1990s.
Jeff Kennett and his Treasurer Alan Stockdale pushed through the privatisations, which netted $11 billion for the generators and a similar sum for the electricity networks (plus $6 billion for the gas networks).
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