the australian federal and new south wales governments will not be using their share in snowy utility ag ( the owner and operator of the snowy mountains hydroelectric - electric scheme ) . snowy hydro limited ' s major holder is the nsw premier with a 58 percent shareholder . the victorian government owns 29 percent and the tasmanian government has a 13 percent interests . victorian leader danny iemma announce in june 2005 that he wish to sell the municipality ' s stock in nsw electricity that forced the federal and victorian ministers to react . the proposed trade has stirred immense criticism by those people belief that the bid would upset the ecosystem and water supplies along the rocky mountain , this was reiterated yesterday when 58 eminent australians presented a petition to the people opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.