Delta Electricity

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Delta Electricity
Type Government-owned corporation
Industry electricity generation
Founded 1996 (1996)
Headquarters Sydney, Australia
Key people Helen Garnett (Director)
Greg Everett (CEO)
Revenue Decrease A$1,003m[1]
Operating income Decrease A$(277m)[1]
Net income Decrease A$(196m)[1]
Total assets Decrease A$2,169[2]
Total equity Decrease A$511m[1]
Owner(s) Treasurer of New South Wales - 1 share
Minister for Finance and Services - 1 share
Employees Decrease 325
Parent New South Wales Government
Website www.de.com.au

Delta Electricity is an electricity generation company in Australia that is owned by the Government of New South Wales, and has a portfolio of generating sites mainly using thermal coal power.

Delta Electricity is established pursuant to the State Owned Corporations Act, 1989 (NSW) and the Energy Services Corporation Act, 1995 (NSW).

Generation portfolio[edit]

Delta Electricity owns and operates the following power stations to generate electricity for sale under contract:

Name Fuel Type Location Maximum capacity Commissioned Reference(s)
Broadwater Biomass 38 megawatts (51,000 hp)
Chichester Dam Hydroelectricity Conventional near Dungog 110 kilowatts (150 hp) 2001 [3]
Colongra Gas Gas turbines Colongra 667 megawatts (894,000 hp) 2009
Condong Biomass 30 megawatts (40,000 hp)
Dungog Hydroelectricity Dungog 110 kilowatts (150 hp)
Munmorah - decommissioned Coal Steam turbines Lake Munmorah 600 megawatts (800,000 hp) 1967 / 69
Vales Point Coal Steam turbines Mannering Park 1,320 megawatts (1,770,000 hp) 1963 / 64, 1978

NSW Energy Reform[edit]

As the Keneally Labor government moved to privatise components of the electricity industry in New South Wales including the electricity trading rights of Delta Electricity, on 14 December 2010 four of the five Directors of Delta (including the Chairman) suddenly stood down in protest over the sale.[4] On 28 February 2011, at the direction of the New South Wales Government,[1] the newly constituted Board of Delta entered into contracts with energy retailer, TRUenergy, for the supply of electricity under Generation Trading Agreements from the Mt Piper and Wallerwang power stations.[1] A subsequent NSW Parliamentary Inquiry was held; however the Directors of Delta who resigned refused to give evidence before the Inquiry unless guarantees of parliamentary privilege would be given by the Government. Keneally refused to provides guarantees and, according to the Inquiry Chairman, the Government stymied the Inquiry's ability to uncover the facts as to the resignation of the directors.[5] In May 2012 legislation was passed in the NSW Parliament to sell the State-owned generators. In September 2013 Mt Piper Power Station and Wallerawang Power Station near Lithgow in NSW were sold to Energy Australia.

References[edit]

  1. ^ a b c d e f "Annual Report 2011" (PDF). Delta Electricity. 2011. Retrieved 9 December 2011. 
  2. ^ "FInancial Report 2011" (PDF). Delta Electricity. 2011. Retrieved 9 December 2011. 
  3. ^ "Chichester Dam Mini-Hydro". Case studies: Hydro. Clean Energy Council. 2013. Retrieved 14 April 2013. 
  4. ^ Salusinszky, Imre; Hepworth, Annabel (15 December 2010). "Chaos hits $5.3bn NSW power sell-off as directors on two boards quit in protest". The Australian. Retrieved 13 December 2011. 
  5. ^ Nile, Fred (23 February 2011). The Gentrader Transactions (PDF). Legislative Council of New South Wales. pp. ix–x. 

External links[edit]