Ann: October Operational Update, page-137

I've been in touch with Ben a few times of late.

I've quizzed him specifically on this issue. He believes that with an attractive model such as theirs, it is inevitable that others will try and enter. However the market is huge and there is enough room for some competition. And lets just say he is not that concerned by Star Corp. A lot of water to go under the bridge before they are endorsed anyway.

Another question raised recently - Re AEMO accreditation as an ENM. LPE have close to 400 communities in SE Qld now so obviously no problems operating as an ENM. The publication someone posted the link for was only showing Vic entities i think so obviously a jurisdicational thing and AEMO just havent published for Qld accredited ENMs yet. So all good there.

RE NSW questions. Yes they have been selling into NSW for well over 12 months. But its not material. A pilot activity in his words.

I've been trying to get out of Ben what the limiting factors on conversions from UC to UM are but he is a bit cagey. I dont understand if its Electricians. Or if its getting communities signed off? If it was either of them, i dont understand how going full bore into a new state wouldnt virtually double out abilitiy to ramp up. Ben insists its more complex than that and i havent been able to get much more out of him. Other than that we should expect future ramp up from our 6GW per month.

Look i have very little doubt that this is going to be a huge winner at some stage. Very likely to be a T/O. That doesnt help those of us who are wanting access to some of our funds earlier that that date though.