High Quality Content by WIKIPEDIA articles! Snowy Hydro Limited, previously known as the Snowy Mountains Hydro-electric Authority, is a corporation in Australia jointly owned by the Commonwealth (13%), New South Wales (58%) and Victorian (29%) Governments. The company manages the Snowy Mountains Scheme which generates on average around 4500 gigawatt hours of clean, renewable energy each year, which is around 67% of all renewable energy in the mainland National Electricity Market in 2009. The scheme also diverts water for irrigation from the Snowy Mountains Catchment west to the Murray and Murrumbidgee River systems. In addition to owning the Snowy Mountains Scheme, the company owns an electricity and gas retailer, Red Energy which operates in Victoria, South Australia and New South Wales, a 300MW gas-fired peaking power station in Victoria's Latrobe Valley and a 320MW gas-fired peaking power station at Laverton North near Melbourne.