The industry overspent on infrastructure with its attendant debt while at the same time encouraging punters to move to alternatives. The result was a lot less consumers paying the bills
so cut the subsidies and raise the kilowatt rate and more money flows into the coffers. Carbon tax is a part of it but its not the whole story - the story you probably wont hear about from our controlled media.
btw talking to a mate on the phone who recently returned after a short stint in south australia. Asked him why he chucked in his job with this particular coal seam company. He was asked to dodgy up a report or something to that effect and he refused so it was out the door. look forward to hear the full story when i catch up
