Claim: Prospect Electricity was a corporation owned by the Government of New South Wales that was founded in 1957 and controlled by local councils in Australia which was later merged with Illawarra Electricity to form Integral Energy.
Evidence: Prospect Electricity was the state-owned corporation owned by the Government of New South Wales, Australia, that was responsible for retailing electricity to consumers in the Greater Western Sydney region between 1991 and 1996. It was founded in 1957 as the Prospect County Council, as a spin-off from the Sydney County Council, which was responsible for supplying electricity to much of the eastern half of Sydney. As with the Sydney County Council, it was controlled by local councils in the area, until 1989 when the state government began to take control of electricity suppliers. On 1 March 1996, Prospect Electricity was merged with Illawarra Electricity to form Integral Energy, in preparation for the National Electricity Market & electricity deregulation.