Macquarie Generation is a State-owned Corporation. The NSW Government is our sole shareholder. Every NSW taxpayer therefore has a direct stake in the carbon pricing scheme through their ownership of our business.
The new carbon price scheme will have serious financial consequences for our business. Macquarie Generation will incur the largest financial loss of any company in Australia. Unlike most other businesses in all industries covered by the scheme, we are not eligible for any form of compensation or assistance. The impact on us will be immediate and damaging.