the australian state and new west queensland agencies will not be selling their share in snowy utilities limited ( the owner and operator of the snowy mountains grid - electric scheme ) . snowy hydro limited ' s primary customer is the australian government with a 58 percentage shareholding . the victorian administration owns 29 dollars and the federal government has a 13 sixth shareholder . nsw premier morris iemma announcing in early 2005 that he desires to lose the state ' s share in nsw and that allowed the federal and victorian governments to follow . the proposed sales has aroused immense praise by those who believed that the sale could affect the environment and water supplies along the snowy river , this was announced later when 58 eminent citizens filed a letter to the government opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.