21 March 2002

The combined net profit from the three SOE electricity generators/retailers for the six months to December 2001 was $86.6 million, State Owned Enterprises Minister Mark Burton said.

For the corresponding period a year earlier, the net profit was $112.6 million.

If the national grid operator Transpower is included, the combined figure is $154.0 million for the latest six months, and $171.6 million previously.

"Murray McCully's "bordering on piracy" comment is patently ridiculous."

Ends

© Scoop Media