Wednesday, October 23, 2013
Smart meters, but at whose expense?
Cameron O'Reilly (illustrated, CA$HING IN), the scion of the Heinz food empire and former chief of media group APN, along with John B. Fairfax, the Smorgon family and Kerry Stokes are a few of the high-profile names to have made a killing from the sale of smart meters (of the general populous to spread cancer?). They were major shareholders of Landis + Gyr, the company that amassed about 56 per cent of the market in deals to supply the electricity distributors in Victoria.
Their big payday came in 2011 when O'Reilly sold Landis + Gyr to Toshiba for $US2.3 billion.