Collier announces Verve revamp

The state government has released details of its plan to overhaul the state's loss-making electricity generator Verve Energy, announcing changes to the vesting contract between Verve and electricity retailer Synergy.

Energy Minister Peter Collier said the decision to replace the Vesting Contract will provide greater stability for Verve and save the State up to $1.5 billion over 10 years.


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