I understand that the current owners of Basslink Keppel Infrastructure Trust are in financial trouble and have failed to pay compensation money.
News today confirms that the Basslink failure was due to Basslink Pty Ltd operating the cable above safe use thresholds.
Now is the time for the state and federal governments to commence negotiations with Keppel Holding Trust to buy the Basslink cable.
The Commonwealth report into the feasibility of a second Basslink, published earlier this year, was adamant it would be a lame duck project.
As Ministers for Energy converge on Hobart tomorrow, Minister Barnett should formally open a conversation about nationalising the Basslink cable.
Almost two years after it began, the public still doesn’t know how much money the Basslink crisis cost Tasmanians.
The Public Accounts Committee’s Financial Position and Performance of Government Owned Energy Entities report is underwhelming.
The Liberals’ Budget confetti doesn’t contain a single item that would secure Tasmania’s energy supply, or permanently drive down energy prices.
The Interim Report of Tasmania’s Energy Security Taskforce found that Tasmania needs more on-island renewables.
The Australian Energy Market Commission reported the large decreases in TasNetworks' charges will be wiped out by increases in wholesale electricity costs.