costa threatens to quit

New South Wales Treasurer Michael Costa says he is thinking about quitting politics as his electricity privatisation plans head for certain defeat in State Parliament today.

New South Wales Opposition Leader Barry O'Farrell has confirmed the Coalition will vote against the sell-off plan today.

"Mr Iemma's proposed sale fails the public interest test," he said.

Mr Costa says the defeat of the legislation will make him consider his future.

"If these things are not to be undertaken ... I'm not just talking about electricity but other reforms, certainly there's no role for me in the New South Wales Parliament," he said.

"I'll make that decision myself."

Despite opposing Labor's plans, Mr O'Farrell says the Coalition would like to privatise electricity in the future.

"We will set about detailing an energy plan for the people of New South Wales that they can decide on at the next election," he said.

Mr Costa says that plan will not be backed by the ALP.

"The State Government's policy will not be to support that. This is over as far as the Labor Party is concerned," he said.

Dave R.