Publications
Privatising Victoria's Electricity Distribution
OCCASIONAL PAPER
In October 1994 the Victorian industry was restructured. Five DB's were created and Generation Victoria disaggregated down to four individual base load power stations (including Loy Yang B then under construction), one portfolio of hydro plant and one of intermediate and peaking gas plant. During 1995-1997 all of these businesses, except the gas portfolio were privatised. Proceeds amounted to $24B, some $13B in excess of the SECV's book value of assets recorded in 1993.
By any standards the privatisation has been an immense success.