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11 April 2008 - Australia's New South Wales state said that offloading electricity assets through an initial public offering is "attractive" and will be considered.

"Recommendations for a possible share market float of some electricity assets, which would involve a share offer to the general public, are attractive and will be given careful consideration," Premier Morris Iemma said in a statement.

The statement was a response to a committee report on the sale of the assets, which electricity retailers like AGL and Origin Energy are keen to get their hands on.

The response also included a A$272m ($254m) plan to protect consumers and employees after the sale.

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