The big winner from NSW Labor’s midnight firesale of its electricity retail assets is one of the most aggressive anti-ETS lobbyists, which claimed it would be forced out of business by even the threat of the Rudd government's CPRS.

Chinese-owned TRUenergy has paid just $2 billion for the EnergyAustralia retail business, the trading rights for the coal-fired Mount Piper and Wallerawang stations and three development sites.