Snowy Hydro Archives - Page 3 of 5 - Renew Economy

Utilities

Snowy boosts profits, and executive bonuses, as it cashes in on volatile markets
Snowy Hydro delivered larger profits despite higher energy market volatility, allowing managing director Paul Broad to take home a $1.09 million bonus.
Michael Mazengarb

Nov 18, 2021

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“Reprehensible:” Snowy slammed over deal to use Kosciuszko Park as a dump
Snowy Hydro to pay token sum to dump spoil in Kosciuszko National Park, in deal slammed as “reprehensible” and a $1.5 billion subsidy.
Michael Mazengarb

Jul 6, 2021

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Small retailers welcome investigation into Snowy gas plant bidding practices
Smaller energy retailers welcome ACCC and AER investigations into potential market gaming by Snowy Hydro gas plant.
Michael Mazengarb

Jun 21, 2021

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Kurri Kurri costs could blow out and could run out of gas, energy experts say
Energy experts say the cost of proposed Kurri Kurri gas plant could exceed $1bn, while the potential benefits have been overblown.
Michael Mazengarb

Jun 10, 2021

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Snowy CEO denies conflicts of interest over Kurri Kurri land deal
Snowy Hydro CEO dismisses suggestions of conflicts of interest over Kurri Kurri land deal in a combative senate estimates hearing.
Michael Mazengarb

May 26, 2021

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S&P says taxpayer handout for gas plant won’t solve Snowy’s financial pressures
Leading credit ratings agency warns Snowy Hydro still faces significant credit risk, even after $600m of taxpayer funds to build a gas plant.
Michael Mazengarb

May 20, 2021

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Taylor’s Kurri Kurri “gas” plant to run on dirty diesel first
Environmental Impact Statement for the gas plant proposed for the NSW Hunter region by Angus Taylor reveals it would run for 6 months on diesel, before switching to mostly gas.
Sophie Vorrath

May 13, 2021

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Labor probes Snowy Hydro gas plant land deal with Liberal party donor
Officials deflect questions on land deal for proposed Snowy Hydro gas plant, with the Kurri Kurri block owned by Liberal party donor Jeff McCloy.
Michael Mazengarb

May 3, 2021

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Hunter Valley businesses say they don’t want Coalition’s gas plant
Morrison government plan to use taxpayer funds to build a new gas plant has been met with a frosty reception by local business and the energy market.
Michael Mazengarb

Apr 30, 2021

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Morrison to ignore massive big battery plans and greenlight new gas plant in Hunter
The Morrison government is expected to sign off on a new gas fired generator in the Hunter, ignoring critics who argue there’s no clear need for it.
Michael Mazengarb

Apr 29, 2021

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Snowy CEO says gas is “wonderful”, sees no competition from big batteries
Snowy Hydro CEO expresses love for gas, telling senate estimates a new gas generator at Kurri Kurri won’t be competing with big batteries for market share.
Michael Mazengarb

Mar 23, 2021

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Greens try to head off Snowy Hydro gas plant with fossil fuel ban
Australian Greens move to block Morrison’s quest for a government funded gas plant in Kurri Kurri, proposing a ban on Snowy Hydro fossil fuel investments.
Michael Mazengarb

Mar 22, 2021

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