“…Power price rises main fear over asset sales bill…”

“…Struggling families will suffer because of higher power prices as a result of the Government’s “mixed ownership model” – and few “mums and dads” have cash to buy shares in the partly privatised power companies, MPs have been told.

Parliament’s finance and expenditure committee yesterday heard dozens of submissions on the partial privatisation or Mixed Ownership Model Bill which paves the way for the sale of up to 49 per cent of shares in Mighty River Power, Genesis Power and Meridian Energy, and coal company Solid Energy.

The submissions were overwhelmingly against the plan…”

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Power price rises main fear over asset sales bill – National – NZ Herald News.

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