Thanks for taking the time to create a summary. I agree - I did not read it as dire either.
I read it as more the usual operator/regulator interaction where the operator is quite rightly trying to minimise costs (maximise shareholder value) and the regulator is quite rightly thinking about the wider picture and what the need to deliver the community as part of any decision. All looks very normal to me.
Given the hurdles TLG has managed over the past several years, these requirements hardly seem insurmountable.
Cheers
kk
Talga in 2023, page-391
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