State Government proposes public float of Western Power

Energy Sector News

Dec 01
State Government proposes public float of Western Power

On 30 November 2016, the Premier, Colin Barnett, announced the intent of the Liberal National Government to publicly float 51% of Western Power, should it be returned to power after the State Election in March 2017.

The media statement suggested that 30% of shares would be sold to superannuation funds and 20% to retail investors; there would be no foreign ownership of network assets.  The Government intends to retain 49% of Western Power ownership and confirmed that there would be no change to how the entity is regulated.

The Labor Party has previously ruled out a sale of the network service provider should it be successful at the election.