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I understand the NSW power grids are being divided into three sectors when bids for 99-year leases are invited. Consortia for each sector may well include Li Ka Shing interests under different names, but I believe Spark itself can only win one out of three......
1 - the generators, ie you can have several owners, company A own the generators near the Hunter Valley, say company B owns the generators elsewhere.
2 - the poles and wires ie grid/network, that lends itself to a statewide monopoly distributor, although that could be split into 3 or 4 geographic monopolies.
3 - the retailers, which you will have several players in this area.
