Dr Kaye said: "Snowy Hydro CEO Terry Charlton has should either get on with the business of running a publicly-owned entity or he should resign.
 
"He lost the privatisation debate in 2006 and there has been no shift in community attitudes since then.
 
"He refuses to accept the judgment of the people of NSW, local residents and even the NSW government who have ruled out privatisation of Snowy Hydro.
 
"The latest glossy newsletter, circulated to thousands of Snowy Mountains residents, contains a two page 'Company Vision' from Mr Charlton, arguing that Snowy must be sold off to generate 'extra capital [it needs] to keep up'.
 
"He tried a similar trick in the March Newsletter when he threatened the people of the Snowy with the spectre of a degrading publicly-owned asset, isolated in a sea of privatised generators.
 
"His rhetoric did not work then and it will fail again.
 
"Mr Charlton's behaviour is outside what people expect from the management of a publicly-owned corporation.
 
"He has a clear conflict of interest. He would be in the box seat to head a privatised Snowy with a good chance of a much bigger pay packet.
 
"It is time Mr Charlton decided his future with the Snowy. If he can't make a go of it as a publicly owned entity, he should step aside for someone who can.
 
"He cannot continue using the Corporation's assets to push his pro-privatisation propaganda  after his shareholders have told him that a sell-off is not on the table," Dr Kaye said.
 
The July edition of Snowy Hydro News is available at: http://www.snowyhydro.com.au/files/SHLNews_July08.pdf
 
For more information: John Kaye 0407 195 455