The key plank of the Wa liberal government mantra is cost recovery for its services. Now col should know the difference between cost recovery and profit been an economist and all, but apparently his degree is worthless.
The WA Water Corporation is by far the most lucrative cash cow among Australia's water utilities and is also the second most efficient.
The commission said the WA corporation recorded a $551 million profit after tax, more than double the $273 million made by Sydney Water and dwarfing the income of all other Australian water utilities.
Clearly col and his cabal dont know what the hell their doing,its plain for all to see the profit made from the cash cow that is the water corporation.
Enter the Economic Regulartory Authority that have told col and co to up the price of electricity to meet,youve guessed it " cost reflective" power generation.
