Iemma 'may not have numbers' for selloff (AAP)

NSW Premier Morris Iemma has conceded that he may not have the numbers in parliament to transfer $10 billion worth of electricity assets to the private sector. But he says he won't quit, even if the privatisation bill is defeated when parliament returns in September. "If people think that I'm simply going to walk away, or that if it's defeated, I'll resign, that's not the case," Mr Iemma told The Weekend Australian. "If the legislation is defeated, we have to work out what our options are." In a further sign that he has no intention of abandoning either the premiership or the privatisation - despite a campaign of destabilisation by union and party officials - Mr Iemma on Friday took the first step towards folding the retail arm of state-owned electricity distributor Integral Energy into the operations of state-owned generator... [read full story]