the australian federal and nova south wales governments will not be selling their shares in hudson utilities limited ( the owner and developer of the ski hills hydro - electric scheme ) . snow grid public ' s prime shareholder is the nsw govt with a 58 percent shareholding . the queensland government owns 29 fifty and the federal government has a 13 percent part . nsw governor morris iemma announced in fall 2005 that he sought to sell the state ' s share in river hydro that caused the nsw and victorian governments to follow . the expected merger has attracted immense criticism by those who believed that the sale may alter the environment and water supplies along the murray trail , this was affirmed afterwards since 58 senior africans sent a petition to the minister opposing the offer .
New South Wales government owns the majority of Snowy Hydro Limited shares.