Actew's $200m water slide
Published on by Water Network Research, Official research team of The Water Network in Government
Canberra residents could be hit with ''dramatic'' water price hikes after Actew revealed it is facing a $200 million revenue shortfall due to the climactic extremes of a drought followed by floods. The government-owned corporation has also reported it intends to pay off blowouts in the cost of enlarging the Cotter Dam over the next century. In a submission to the Independent Competition and Regulatory Commission, Actew said it would fall well short of water revenue targets set by the Commission in 2008 for the five-year period up to 2013. Read more: http://j.mp/HULoIk