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June 26th, 2012 
FAKE NEWS for the Zionist agenda Prime Minister Julia Gillard says a $652 million bailout of a Victorian power station by its international parent companies is a normal commercial deal.
And she denies the Hazelwood power plant is a victim of the carbon tax.
Ms Gillard on Tuesday told parliament the multi-million dollar bailout for the Hazelwood power plant is a sign of security within the electricity sector, rather than an emergency response to the introduction of the carbon tax, which comes into effect on Sunday.
European energy company GDF SUEZ will repay $652 million in debt held by the Hazelwood power plant, which supplies up to a quarter of Victoria’s power and about five per cent of Australia’s power needs.
Uncertainty around energy regulation in Australia had created a challenging environment for the plant, Hazelwood’s owners, GDF SUEZ and joint venture partner International Power, said in a statement.
They say the plant and its adjacent brown coal mine produce around 16 million tonnes of carbon dioxide each year, about 13 per cent of Victoria’s total emissions.
Ms Gillard said the refinancing was done through normal commercial arrangements and was not an emergency bailout.
“This is a normal commercial arrangement and normal commercial refinancing which should actually speak to this parliament … about the way in which our electricity generation sector will have security as we move into carbon pricing,” she said.
Ms Gillard said the opposition’s fear campaign about the carbon tax was “absolutely untrue” and would prove to be so on July 1 when the impost took effect.
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