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