inside business re nsw gas, page-16

77Anthony,

That's why I voted VERY loudly AGAINST Resolution 6, it may have passed but I hope they got that message from our NO votes.

Stumpy & Nervous,

Remember QGC? That's where the CSG story began for me, and they built or where building Power Generation before the takeover bids came. ANZ funded that as I recall.

Apart from NSW generally, there is huge demand building in the Clarence Morton region over the next several years and I believe the Directors are keeping their options open, hence EPW's presence.

Where a MAJOR to partner MEL or assume control, I would still anticipate generation to be a solid plank for MEL's future development.

Rgds,

Lilac