the national nsw and sydney far wales governments will not be selling their holdings in snowy hydro limited ( the owner and operator of the snowy mountains hydro - electric program ) . rocky hydro limited ' s chief shareholder is the act government with a 58 percentage shareholding . the victorian cabinet owns 29 shares and the australian budget has a 13 percent stake . nsw premier miles iemma disclosed in december 2005 that he wish to acquire the state ' s share in snowy and that caused the federal and victorian agencies to follows . the proposed sale has caused immense criticism by those who stated that the sale would affect the infrastructure and energy supply along the parramatta river , this was consolidated yesterday when 58 eminent people presented a petition to the government opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.