Strong financial performance for Horizon Power
State Government-owned utility Horizon Power has recorded a $17 million net profit after tax in 2020/21, representing an increase in profitability of $8.1 million or 52 per cent from the previous financial year.
This strong financial performance was achieved without compromising on its commitment to its regional customers and remote communities. More than $40 million in COVID-19 relief payments and support measures were provided to customers, and a record $1.1 million was invested in regional community partnerships during the past financial year.