Media Statement by LNP Shadow Minister for Energy Michael Hart – Pitt’s Money Merry-Go-Round

31 May 2017 2:56 PMMichael Hart
 

Media Statement by LNP Shadow Minister for Energy Michael Hart – Pitt’s Money Merry-Go-Round

Wednesday, 31 May 2017

 

Curtis Pitt loaded up government-owned electricity companies with $5 billion of debt and increased dividends to 100 per cent – forcing them to increase electricity prices.

 

His decision to treat the government-owned electricity companies like ATMs is increasing power bills for families.

 

Now Curtis Pitt is saying he is going to pay for part of the power price rise that Labor has created by subsidising the increase with taxpayers’ money.

 

It’s a money merry-go-round. And it’s not going to reduce costs for families.

 

Captain Risky Curtis Pitt has today confirmed he’s resorting to more creative accounting in the upcoming State Budget.


The first two State Budgets were characterised by raids on super and long service leave and debt raids on energy companies.


He’s robbing Peter to pay Paul in an attempt to hide his ineptitude.

 

Even with Curtis Pitt’s money merry-go-round, this increase is still twice as much as was forecast, plus taxpayers get hit with a bill of hundreds of millions of dollars.

 

 

Media contact: Eloise McNee 0432 606 320

 

 

Latest Updates

13 Jun 2018 9:37 AMBudget exposes Labor’s secret tax on electricity continuesMore...Michael HartMichael Hart MPwww.michaelhartmp.com.au
7 Jun 2018 8:27 AMLabor uses State of Origin to cover its water torture on SEQMore...Michael HartMichael Hart MPwww.michaelhartmp.com.au
3 May 2018 10:05 AMVegetation Management and Other Legislation Amendment BillMore...Michael HartMichael Hart MPwww.michaelhartmp.com.au