note that the proposed split - sees the vast majority of the...

note that the proposed split - sees the vast majority of the renewables end in retail_AGL ......while the dirty coal/gas ends up in "Gen_AGL" .......

this means the PPA's reside in retail ........which means the provisions in the accounts get put against the retail EBITDA ........which means they cant inc profits in retail UNTIL THE PPA's roll-off ......

my question to Holders:

what can AGL do to arrest the decline in rev's for the retail bussiness ?

it aint "mobile phones" (see the growth in cust numbers)

it aint in selling energy to large corporate customers (chk margins)......

they have to gut the cost base ..........see the unallocated corp costs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

and 18-months to seperate retail from generation .........almost as bad as Tabcorp in corporate lethargy ....ie sloths move faster.......

at least there is now some light at the end of the tunnel!

rgds
V_H