It's interesting and instructive to see how quickly a party can swap one deeply held tenet for the opposite, depending on who's in power. The NSW State Labor Government under Morris Iemma is trying to privatise the NSW electricity generation assets to fund other projects, yet it wasn't that long ago that Labor strenuously opposed the privatisation of Telstra. Of course, the Federal Labor Government under Paul Keating sold off QANTAS to British Airways...
Another issue hidden in the electricity privatisation is that Iemma's government appears to have no commitment to reduction in greenhouse gases; it is approving new coal mines and constructing new coal-fired power stations. Perhaps after he sells them off he can just blame private industry.
