A move that could dramatically reduce power bills for Perth residents is on the backburner, despite a similar process taking place in other parts of the state, so the government can appease unions, according to shadow energy minister Dean Nalder.
Woodside Petroleum has taken a small step on the potential Scarborough LNG project, signing an agreement with co-owner BHP Billiton to become the operator of any future development and granting the miner an option to increase its share of the project by 10 per cent.
Uranium miner Paladin Energy made a positive return to the ASX today following a tumultuous period during which it announced a recapitalisation deal that left shareholders with 2 per cent of the company’s equity.
An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.
Changes to the accounting treatment of leases to be introduced next year could pose problems for the state government’s financial boffins, bringing numerous contracts onto agency balance sheets, including potentially $1.3 billion worth in the case of power generator Synergy.
A joint venture between a subsidiary of Carnegie Clean Energy and contractor Lendlease has won $6.8 million of work to install and operate a renewable powered microgrid in the Mid West town of Kalbarri.
Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.
Local electricity retailer Perth Energy is planning a leadership change, with chief development officer Giles Redmile to take over as chief executive in mid-February as current boss Andrew Rowe moves back to the engineering industry.
The number of electricity users disconnected for failing to pay bills increased around 60 per cent in Western Australia in the 2017 financial year, while more than 10,000 electricity users were on a hardship program, according to a report released by the Economic Regulatory Authority today.