New South Wales Consolidated Acts

ENERGY SERVICES CORPORATIONS ACT 1995 - SECT 5

5 Principal objectives of electricity generators

(1) The principal objectives of an electricity generator are as follows:

(a) to be a successful business and, to this end:

(i) to operate at least as efficiently as any comparable businesses,

(ii) to maximise the net worth of the State's investment in it,

(iii) to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates,

(b) to protect the environment by conducting its operations in compliance with the principles of ecologically sustainable development contained in section 6 (2) of the Protection of the Environment Administration Act 1991 ,

(c) to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates,

(d) to operate efficient, safe and reliable facilities for the generation of electricity,

(e) to be an efficient and responsible supplier of electricity,

(f) to be a successful participant in the wholesale market for electricity.

(2) Each of the principal objectives of an electricity generator is of equal importance.

(3) The provisions of section 20E of the State Owned Corporations Act 1989 do not apply to an electricity generator.