Ann: ACCC to not oppose ERM Power / Macquarie Gen, page-4

re: Ann: ACCC to not oppose ERM Power / Macqu... GP

It will be interesting who gets it.

The fact a few have dropped out already means that it will not be as high as NSW wants.

It is only a deal at the right price, and I think all 3 players have enough discipline not to overpay. It will be who can get the greatest leverage. I think we are in a good position given load growth to extract more than the others. Time will tell.

Baraka