Economic Calendar

Friday, August 22, 2008

New South Wales Premier to Recall Parliament for Power Reforms

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By Angela Macdonald-Smith

Aug. 22 (Bloomberg) -- New South Wales Premier Morris Iemma said he will recall the parliament of the Australian state next week to vote on laws allowing the divestment of electricity generating and retailing assets.

The decision to recall parliament on Aug. 28 and Aug. 29 follows yesterday's report from the auditor-general, which said the asset-sale plan shouldn't be further delayed, Iemma said today in an e-mailed statement.

To contact the reporter on this story: Angela Macdonald-Smith in Sydney at amacdonaldsm@bloomberg.net


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