Thursday 2 July 2020

Hydro's wheeling and dealings

FORMER US Defence Secretary Donald Rumsfeld famously distinguished what is known from what isn’t.

There are some things that straddle both categories — things the government knows but we don’t, but should.

The circumstances surrounding the second Bass Strait interconnector Marinus is a case in point.

Legislative Council independent Ruth Forrest finally managed to get an answer to a Question on Notice as to why Hydro Tasmania’s balance sheet lost $200 million — or about 10 per cent of its value — in the 2019 year. Such a large amount begs an explanation.