10 years ago, the NSW Kenneally government sold Erarang Power Station to Origin Energy for $50m. As part of the deal the NSW government paid compensation of $300m to Origin Energy so that the government could break a contractual agreement to supply cheap coal to the power station.
Origin Energy received their $300m compensation not to be supplied cheap coal . . . so why now is Yancoal being ordered to supply Origin Energy cheao coal !!!.
disallowed/national/nsw/taxpayers-out-of-pocket-as-state-owned-power-station-sold-for-50m-20130701-2p6hu.html
Ann: New South Wales Coal Reservation Policy, page-69
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