Energy operatorâs expected $9m IT blowout could bite Qld government coffers
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An expected $9 million blowout for a Queensland government-owned energy operatorâs new IT system could take a further bite out of its declining financial returns to the stateâs coffers.
Two âhigh-riskâ issues relating to the security and authorisation of online payments, addressed immediately by the stateâs six energy entities, were uncovered as part of the audit that found their profits had dropped significantly because of low energy prices.
Generators CleanCo, CS Energy and Stanwell, along with transmission and distribution corporations Powerlink, Energex and Ergon, and retailer Ergon Energy Queensland, were all included in the audit.