NSW Treasurer Daniel Mookhey joins Clinton to discuss the Minns government's plan to pay Origin Energy up to $450 million to prolong Eraring, Australia’s biggest coal-fired power station.

Mookhey insists it's not corporate welfare, detailing a deal where the government won't pay upfront but will share risk with Origin.

Taxpayers would take a 20% profit share (capped at $40 million) and cover 80% of losses (capped at $225 million annually).

Origin decides on the risk-sharing deal by March 31, 2025, and 2026, for the following fiscal year.

NSW Treasurer Daniel Mookhey joins Clinton to discuss the Minns government's plan to pay Origin Energy up to $450 million to prolong Eraring, Australia’s biggest coal-fired power station.
Mookhey insists it's not corporate welfare, detailing a deal where the government won't pay upfront but will share risk with Origin.
Taxpayers would take a 20% profit share (capped at $40 million) and cover 80% of losses (capped at $225 million annually).
Origin decides on the risk-sharing deal by March 31, 2025, and 2026, for the following fiscal year.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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