Corporate Form
Snowy Hydro Ltd is:
- an unlisted public company limited by shares incorporated under the Corporations Act
- a Commonwealth Company for the purposes of the PGPA Act.
Snowy Hydro Ltd is wholly owned by the Australian Government represented by two Shareholder Ministers, the Minister for Finance and the Minister for Climate Change and Energy.
Enabling Legislation
Snowy Hydro Ltd does not have any specific Enabling Legislation. The company was corporatised under the Snowy Hydro Corporatisation Act 1997 (Cth).
Constituent Documents
Shareholder Ministers resolved the adoption of a new constitution on 15 October 2018 and a new statement of expectations on 20 December 2024.
The statement of expectations includes the Government’s expectations that Snowy Hydro Ltd should:
- provide and enable reliable, secure, affordable, renewable and firming energy in Australia
- develop, operate and maintain the Snowy Mountains Hydro-electric Scheme
- construct, own and operate other electricity generation and energy storage facilities
- facilitate the decarbonisation of the National Electricity Market
- participate in wholesale and retail markets as an integrated generator-retailer for the sale and purchase of electricity and gas, and markets for related contracts and services
- deliver financial returns consistent with its commercial operations.
Capital Structure
Snowy Hydro Ltd have fully paid ordinary and preference shares on issue, all of which are owned by the Commonwealth.
Unique Industry Regulatory Features
Snowy Hydro Ltd operates under the Snowy Water Licence, which allows it to collect, divert, store, and release water by and from the works of the Snowy Scheme. It also defines the rules for releases into the Murray and Murrumbidgee Rivers and imposes environmental flow release obligations for the benefit of the Snowy River and other montane rivers.
