Profit ‘aspiration’ or target? WA energy minister cops grilling over future of Synergy
WA Energy Minister Amber-Jade Sanderson faced scrutiny regarding the future of state-owned Synergy during a budget estimates session. She initially referred to the goal of returning Synergy to profitability as an 'aspiration' but later corrected herself to call it a 'target.' The minister emphasized the importance of Synergy in providing affordable energy while acknowledging its significant financial losses.
- ▪Amber-Jade Sanderson faced questioning about Synergy's financial future.
- ▪She described the goal of profitability as both an aspiration and a target.
- ▪Synergy is projected to incur a $371 million loss this year.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.