The SOE model ("E" meaning "Enterprise") are run on private sector principles - which is why they were so easy to privatise.
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W69 ....if NZ10Y goes from high of 5.62% to 4.5% in next few days ...that shud help valuations a lot ...I think !! NZX50G is coiling up at the moment for Santa to arrive maybe just about at right time . Our gloomy views here and in the real world may help uncoil it bigger ...lol
TRA / MFT / KFL are my picks to participate for Xmas gifts ....imho
Everyone's views most welcome
They never would have been built if it wasn't for the Government. Most power generation historically was built by Governments and sold off under ne-liberalism so your concern is invalid.
Since the sale there has been mass mismanagement, price manipulation & soaring prices on assets that were already paid for by the tax payer.