Large Profit By Western Power Amid Rising Debt

Western Power has announced their profit is up 21 per cent on last year with a new figure of $191 million being released.  Their debt level has also increased to almost $6.2 million which is up 13 per cent on figures for last financial year according to their annual report. Western Power believes this is to some extent due to increased funding for upgrading the ageing power pole network. Paul Italiano, CEO of Western Power states these results are in line with forecasts. “It is important to know that Western Power is regulated,” Mr Italiano said. The Economic Regulation Authority...

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