Transgrid is asking Australian energy regulator AER to let it recover $1.14 billion in cost blowouts for its Project EnergyConnect from consumers, sparking intense scrutiny over risk and cost allocation in the energy transition.
Queanbeyan's Monaro Street overhaul, initially budgeted at $17.25 million with a six-month timeline, now faces a $20 million cost blowout and a delayed completion to at least November, threatening local businesses.
A $300 million master-planned community in Cairns, The Palms, has seen its water park and resort component axed due to cost blowouts and the Iran war, leaving residents and buyers concerned about the project's future and its deviation from the original vision.
Snowy Hydro executives received over $1 million in bonuses last year despite the Snowy 2.0 project's escalating costs. CEO Dennis Barnes earned $323,000 in bonus pay on top of his $1.69 million salary.
