The South Australian government says it faces a potential $140 million dollar liability as a result of plans for an NRG subsidiary Flinders Osborne Trading Pty Ltd to go into liquidation, said a Utilicon report. (US$1=A$1.8). The report quoted state Teasurer Kevin Foley as saying that the state liability stems from a 1996, privatisation arrangement…
AUSTRALIA: South Australia state may face A$140 liability
Posted on December 19, 2002 by EnergyAsia