Floods, inflation, insolvency: Transgrid says blowout in transmission costs "entirely" out of its control Transgrid details causes of the "contract failure" that has blighted delivery of Project EnergyConnect, as the regulator decides if consumers should foot the higher bill.

#Transgrid details causes of the “contract failure” that has blighted delivery of Project EnergyConnect, as the regulator decides if consumers should foot the higher #bill.

Transgrid seeks $1.1 billion in extra transmission costs for interstate interconnector Transgrid is asking consumers to foot the bill for almost all of the $1.5 billion cost blowout from building the interconnector between South Australia and NSW.

#Transgrid is asking consumers to foot the bill for almost all of the $1.5 billion cost blowout from building the interconnector between South Australia and NSW.

Labor via Clean energy finance gave $1.96B to Abu Dhabi and Canadian owned #Transgrid in cheap loans (1%). #AEMO then mandates a 6% return for that investment.
Labor are underwriting foreign corporations debt while people are homeless, hungry and sick.
Vote the Labor/LNP out
#Estimates

This is my local road. Doesn't look like much. Sliver of Eucs recovering from 2019/20 bushfire.
Last week an ANU ecologist spotted 2 young Greater Gliders. Clinging on to what remains of their ideal habitat. And bummer, new #Transgrid powerlines will be less than 1 km away. #threatenedspecies