Snowy Hydro Targets

Question

1. How are bonuses justified while Snowy 2.0 was already billions over budget and years late? 2. What exact Snowy 2.0 performance targets were missed in the last financial year? 3. What exact safety targets were used to approve executive bonuses? 4. Were any of those targets missed? 5. Who recommended bonuses, and who gave final approval? 6. Was any bonus reduced because Snowy 2.0 is now not expected to generate power before December 2028? 7. Is the executive expecting to receive bonuses this financial year? 8. There have been reports about an excavation injury, truck rollover, crane incident, sewerage spills, and road blockage. Will these be considered in discussions of any bonuses this financial year? 9. Has Snowy Hydro considered clawing back or recovering any bonuses already paid in light of the further cost blowout?

Answer

Please see the attached answer.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000470.pdf (opens in a new tab)