Ann: Pacific Energy Acquires NovaPower, page-3

I am less sure - ERM ( code EPW) have these gas peakers and over the past 5 years the annual profits have in fact been pretty static and down on the investment case. I don't think it adds value but its another item in the basket ... Given the price paid it must be pretty well geared... adding battery - well why would you do that - they only run when they can make a profit in the spot market as I understand it.

Not sure why they have done this