Power Assets Holdings Limited 電能實業有限公司

Government locks HK into electricity scheme of control until 2034
HK Government, 25-Apr-2017
That's another 15 years without competition in the sector.
SFC censures BAML units for breaches of Takeovers Code
SFC, 29-Jun-2016
Power Assets (0006) independent holders veto merger with CKI (1038)
Company announcement, 24-Nov-2015
Power Assets (0006) independent shareholders veto loans to parent
Company announcement, 14-May-2015
They called it the purchase of "connected debt securities" but it amounts to lending money to the parent, which is never a good idea. It was close though, no doubt after a lot of lobbying.
An aerial tour of HK's monopolies and anti-competitive practices
The slides from a presentation by Webb-site founder David Webb to the Asian Competition Forum at Polytechnic University this morning. When you get to slide 30, click the box to launch the online video. (9-Dec-2014)
LegCo Question: electricity scheme of control
HK Government, 7-Nov-2012
LegCo question: interim review of the Scheme of Control
HK Government, 17-Oct-2012
LegCo question: tariffs of two power companies
HK Government, 23-May-2012
HK Electric Co Ltd v Commissioner of Rating and Valuation
HK Court of Final Appeal, 6-Jan-2012
By a majority of 3:2, the CFA rules that the applicable interest rate on the overpaid rates and rent is the company's actual cost of borrowing rather than the higher "judgment rate".
Hong Kong's electricity tax
The Government and the power companies are playing politics with the tariff, tilting it to tax larger residential consumers in order to subsidize the tariff for smaller ones. We call for a single flat-rate residential tariff and for it to be brought into line with the commercial tariff. Why should people be penalised for living together rather than on separate meters, or for spending more time at home, and why should they pay more than commercial users for the same amount of electricity? (4-Jan-2012)
CLP's small print: tariff rise is 8.4%, rebate is conditional
We look at the detail in CLP's 2012 tariff increase and the corresponding court case which HK Electric won. If CLP does not win its case, or if the amount of refund of Government rates and ground rent is smaller than expected, then the rebate will have to be clawed back in future tariffs. In any case, the rebate will be of limited duration as it relates to a lump sum. (4-Jan-2012)
HK Electric Co Ltd v Commissioner of Rating and Valuation
HK Court of Final Appeal, 21-Jun-2011
HK Electric wins its appeal on rates and government rent.
HK Electric v Commissioner of Rating and Valuation: CLP applies to intervene...
HK Court of Final Appeal, 8-Mar-2011
...and is rejected.
HK Electric Co Ltd v Commissioner of Rating and Valuation: costs
HK Court of Appeal, 5-Nov-2010
HK Electric Co Ltd v Commissioner of Rating and Valuation
HK Court of Appeal, 14-Sep-2010
Payment to HK Electric of interest on over-paid rates and Government rent
HK Government, 2-Jul-2010
HK Electric Co Ltd v Commissioner of Rating and Valuation
HK Lands Tribunal, 12-Apr-2010
LegCo question on HK Electric, CLP generation plans
HK Legislative Council, 13-Jan-2010
HK Electric Co Ltd v Commissioner of Rating and Valuation
HK Lands Tribunal, 30-Nov-2009
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Vampire - Nothing Left to Prove
Last week saw AGMs of CITIC Pacific, Hysan, Li & Fung, China Unicom, Cathay, Swire, HK Electric and CKI. In every case, a majority of investor votes were against the 20% cash issue mandate, but controllers pushed it through. With 10 HSI companies now having voted, Project Vampire has nothing left to prove - investors have voted on average by more than 2 to 1 against the issue mandate. It's time for the regulators to act. (16-May-2004)
AGM results
Company web site, 15-May-2003
HK Electric Voting Recommendations
The 13th AGM in Project Poll is on 15-May-03. We urge shareowners to vote against the re-election of an INED because he is also an INED of Hutchison Whampoa, and against the general mandate. (5-May-2003)

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