Amazing outcome ... looks like everybody is taking a haircut ...
1) NWS - agree to step increase in price for next 4 years and gas price lower than the ruling
2) Gas customers - agree to price hike
3) BBIG - forego $350 millions in debt
4) BBPF - forego part interest repayment, lower interest margins, extend debt maturity to 2012 and loosen financial convenants ...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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