The Energy: Too big to fail? AGL slams Transgrid over Project EnergyConnect

AGL executive Ralph Griffiths has delivered a scathing assessment of monopoly network owner Transgridover its mismanagement of Australia’s largest electricity transmission project.

Project EnergyConnect, originally approved at a cost of $2.28 billion in 2021 but now running to more than $4 billion, has been beset by problems, including the failure of the original construction contract.

Meanwhile, the Justice and Equity Centre said in its submission that the reopener rule does not apply where expenditure has already been undertaken, and as a result must be rejected.

The decision by Transgrid to continue with the project in 2023 without applying to the AER for increased expenditure “amounts to a bet, with consumers’ money, that the project would be delivered at the original cost, despite all evidence to the contrary,” the JEC wrote.

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