Was a good read. Still misses the effect of having Yallourn and Loy Yang running indiscriminately due to VIC Gov agreements as a cause of low VIC futures.
These VIC gov agreements apparently have a price floor (commercial in confidence, but according to AFR and The Oz) which in turn gives the owners assurance it will be economic through to closure. If so, it decouples AGL from the wholesale market for Loy Yang and changes all financial forecast models.
Thursdays release would be interesting because it’s the first time an ASX company would need to disclose some of the details.
DYOR
AGL Price at posting:
$7.84 Sentiment: Buy Disclosure: Held
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(20min delay)