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Frank Tudor says the company already has experience in managing microgrids, which are a key part of future energy systems. Photo: Attila Csaszar

Horizon beats subsidy cut target

State-owned regional power provider Horizon Power has recorded a $35.4 million net profit for the year to June, while hitting its targeted reduction of government subsidies more than a year ahead of time.

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Total revenue

7th-Lotterywest$907.5m
8th-Insurance Commission of WA$769.6m
9th-Horizon Power$659.9m
10th-Pilbara Ports Authority$511.9m
11th-Racing and Wagering Western Australia$419.0m
29 state government businesses ranked by total revenue - this year

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