Scott Ryan (Victoria, Liberal Party, Shadow Parliamentary Secretary for Small Business and Fair Competition) Share this | Hansard source

My question is to the Minister representing the Minister for Climate Change and Energy Efficiency, Senator Wong. I refer the minister to reports that Standard & Poor's has lowered the credit rating for the largest electricity generator in my home state of Victoria, Loy Yang Power, due to concerns about the government's proposed carbon tax. Given that a government commissioned report by Deloittes warned earlier this year that some power stations would be 'at the mercy of the banks' when it came to refinancing and uncertainty over the carbon tax, what assurances will the government provide to the four major Victorian brown-coal power generators and Queensland's Millmerran power station, which will be affected by the carbon tax?