Ann: ECT moves closer to commencing TinCom deal , page-22

re: Ann: ECT moves closer to commencing TinCo... LOY YANG POWER financial position
1.
To be sure, one of the big problems of the Latrobe valley generators is that many of them are hocked to the eyeballs in debt, the result of what Standard & Poor’s described in a recent report as “aggressive financing”. This gives them little room to manoeuvre. Little wonder that in their submissions to the government the generators wanted every single dollar invested in their facilities – equity and debt totalling some $12 billion  — be compensated by the government under its ETS scheme
http://www.crikey.com.au/2009/03/20/getting-skeptical-about-truenergys-ets-apocalypse/
worth reading the entire article.