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Warning over foreign sale of SA Power Networks

The federal government is being urged to reject a foreign private equity firm’s joint takeover bid for minority ownership of SA Power Networks, with claims the investment company’s “chequered history” of asset-stripping poses a risk to South Australian electricity consumers.

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Energy system designed for "different century"

The operator of the national electricity market says last week’s widespread blackout in South Australia is part of the “complex reality” of a system designed for a different century, which now lacks the “depth” to cope with multiple challenges.