One of the most important microeconomic policy reforms of the 1990s was the restructuring of the Australian electricity supply industry. This process was encouraged by the perception that the state-owned electricity authorities performed poorly in the 1970s and 1980s. This article observes the long-term performance of the State Electricity Commission of Victoria over the course of most of its life. In particular the growth in demand for electricity in Victoria, the productivity growth of the State Electricity Commission of Victoria, as well as electricity prices, profits and debt levels are presented over the longer term. Copyright Blackwell Publishing Asia Pty Ltd and the Economic History Society of Australia and New Zealand 2006.