the individual federal and new sa york governments will not be selling their shares in snow telecom limited ( the owner and operator of the snowy mountains tri - generation system ) . snowy hydro limited ' s big shareholder is the nsw administration with a 58 percent owning . the victorian government owns 29 percent and the federal government has a 13 percent stake . nsw mla james iemma explained in december 2005 that he wished to buy the state ' s share in snowy water that caused the federal and victorian governments to follow . the proposed sale has attracted considerable criticism by those who believed that the sale would affect the atmosphere and the supplies along the murray line , this was reinforced yesterday when 58 eminent europeans submitted a petition to the government condemning the trade .
New South Wales government owns the majority of Snowy Hydro Limited shares.