Actew's $200m water slide

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Canberra residents could be hit with ''dramatic'' water price hikes after Actew revealed it is facing a $200 million revenue shortfall due to the climactic extremes of a drought followed by floods.

The government-owned corporation has also reported it intends to pay off blowouts in the cost of enlarging the Cotter Dam over the next century.

In a submission to the Independent Competition and Regulatory Commission, Actew said
it would fall well short of water revenue targets set by the Commission in 2008 for the five-year period up to 2013.

Read more: http://j.mp/HULoIk

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