MEL 0.00% 0.4¢ metgasco ltd

ERM Cross, page-24

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    This must be the condition required ERM to divest MEL holding:


    http://www.theaustralian.com.au/nat...r-station-for-1m/story-e6frgczx-1227616008403

    The Baird government had previously failed to sell Vales Point, a 50-year-old power plant on the shores of Lake Macquarie on the NSW central coast. Given excess capacity, the plant’s future looked bleak, but the government has sold Vales Point for a nominal $1m to interests associated with Trevor St Baker, the founder of energy retailer ERM Power and operator of gas-fired power plants, and coal baron Brian Flannery.
 
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