New South Wales Consolidated Acts

ENERGY SERVICES CORPORATIONS ACT 1995 - SECT 8

8 Principal objectives of energy distributors

(1) The principal objectives of an energy distributor 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 distribution of electricity and other forms of energy,

(e) to be an efficient and responsible supplier of electricity and other forms of energy and of services relating to the use and conservation of electricity and other forms of energy,

(f) to be a successful participant in the wholesale and retail markets for electricity and other forms of energy and for services relating to the use and conservation of electricity and other forms of energy.

(2) Each of the principal objectives of an energy distributor is of equal importance.

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