Ann: Regulatory & Project Development Update, page-191

Just re-reading the last ANN (only because I have nothing else to gauge our progress on). Surely the wording I have highlighted below suggests we are finalising negotiations, rather than still trying to pitch the concept.

“This long-awaited legislation is very welcomed news as we now have clear confirmation on the details of implementation, together with the legislated certainty for such large capital expenditures and rebates. We see this major milestone as a very positive development as we continue our engagement with parties to confirm commercial and financial alignment in developing successful projects.”

If KPO needed an excuse, as Surandy said, they could've mentioned that the CER are still holding things up. But they didn't. So you'd say they have all the information/regs they need to finalise an agreement. That's what I keep telling myself anyway. GLTAH.