📜 Electricity Corporations Bill 2005
Assented toLABill 395 May 2005
The Electricity Corporations Bill 2005 restructures Western Power into four new government-owned corporations: Electricity Generation Corporation, Electricity Retail Corporation, Electricity Networks Corporation, and Regional Power Corporation. It aims to introduce competition, enhance reliability, and encourage private investment in the electricity market.
Impact
Western Power employees, electricity consumers, and private investors in the electricity generation sector will be affected. The restructure aims to improve electricity supply reliability and potentially lower prices through competition.
Key Changes
["Restructures Western Power into four new government-owned corporations.", "Transfers Western Power's assets and liabilities to the four new entities.", "Strengthens governance arrangements for the new corporations, including strategic development plans and Ministerial direction."]
Parliamentary Progress
- LA IntroducedLA5 May 2005
- LA Second Reading MovedLA5 May 2005
- LA Second Reading AgreedLA28 June 2005
- LA Consideration in DetailLA29 June 2005
- LA AmendedLA29 June 2005
- LA Third ReadingLA30 June 2005
- LC Second Reading MovedLC17 Aug 2005
- LC Second Reading AgreedLC31 Aug 2005
- LC AmendedLC13 Sept 2005
- LC Third ReadingLC13 Sept 2005
Affected Sectors
utilitiespublic_sector
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