Power levy punch-up

Article Abstract:

Smorgon Steel's decision to begin a High Court action against the energy company Origin Energy and the Victorian Government's State Electricity Commission, seeking to recoup $3.9 million it has paid under a controversial Victoria Government levy on big electricity users is reported. Smorgon is alleging that the levy, which helps subsidize the power costs of a Victorian aluminum smelter, is unconstitutional because it is a duty of excise.

Natural gas transmission, Gas transmission industry, Origin Energy

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Smorgon smooths the bumps

Article Abstract:

Smorgon Steel insulates itself from bad times as the Infrastructure boom that saw 20 billion $ of steel hungry projects for the company end's in 2005-06. Smorgan steel company tries to change its image from a conventional steel company whose fortunes rise and fall on steel prices to a vertically integrated company that does everything from buying scrap and manufacturing steel products to distributing specialist products.

Financial management, Finance, Company financing

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Smorgon bites back

Article Abstract:

Smorgon Steel declares that a levy imposed on large Victorian electricity users is unconstitutional and illegal and it recovers almost $5 million from the government in Victoria. Smorgon Steel claims that the decision to reduce electricity prices for Alcoa was political. Legal action against the Victorian Government over an energy levy could have deep negative constitutional consequences.

Strategy & planning, Planning, Company business planning, Actions and defenses, Litigation, Lawsuit/litigation, License lawsuit, Actions and defences

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