Victoria’s SEC now has a press release, a tote bag and – just in the nick of time – registration with ASIC.
The Victorian government registered the State Electricity Commission as a company less than 24 hours before it unveiled a 10-year “strategic plan” at an energy conference with tech billionaire turned environmentalist Mike Cannon-Brookes.
“It’s a bit like the AFL putting its own team on the field and saying the team won’t get any advantage by being connected to the AFL. I can’t see how it’s justified ... it’s just silly.“It is a half-baked version of nationalisation. You end up with the worst of both worlds.” Victorian Opposition Leader John Pesutto warned that “the SEC has no projects, no partners, and it certainly has no new funding”.
The director of Victoria University’s Energy Policy Centre, Bruce Mountain, who was contracted to provide expert advice on the SEC’s re-establishment but did not sit on the advisory panel with Dr Finkel, followed him out the door soon after, theBut Dr Mountain expressed his concerns on Friday. “It is in a different position now relative to what might have been the public understanding of what it would be,” he said.
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