NSW Treasurer Daniel Mookhey joins Clinton to discuss the Minns government’s plan to pay Origin Energy up to $450 million to prolong Eraring, Australia’s biggest coal-fired power station.

Mookhey insists it’s not corporate welfare, detailing a deal where the government won’t pay upfront but will share risk with Origin.

Taxpayers would take a 20% profit share (capped at $40 million) and cover 80% of losses (capped at $225 million annually).

Origin decides on the risk-sharing deal by March 31, 2025, and 2026, for the following fiscal year.

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