"Special Sitting Of The House Of Representatives" - whenever you hear those words, it means government has a piece of legislation it needs to push through in a hurry.
That is confirmed in a notice that went out this afternoon. It states that the special sitting will be on Monday 20th. June at 10:00 which will be followed by a special sitting of the senate at 3:00 pm.
The Prime Minister would not comment, but there can hardly be a doubt that the government intends to pass legislation to take over BEL. We say that because the exact same format was used in August of 2009 when government took over BTL.
What will be the terms of the take-over, and the time frame, and who will be the players? Well, all those questions are up in the air tonight but should be answered with some finality on Monday morning at the House OF Representatives.
It's a not an altogether unexpected turn from the tack government was taking last week when it asked Fortis - which is BEL's parent company - if it was interested in selling.
Since then, the Prime Minister says it has become apparent to him that BEL does not want to negotiate - but has adopted a take it or leave it position. And now, it seems government will pass legislation to take it, over. Again, there is no official confirmation but that's what it looks like. We'll be there on Monday to see what develops.
Channel 7
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