BBP babcock & brown power

Substantially de-risks her. She's going alot higher. Sydney -...

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    Substantially de-risks her. She's going alot higher.

    Sydney - Thursday - June 4: (RWE Aust Business News) - Babcock &
    Brown Power (ASX:BBP) has entered into a substantial electricity supply
    contract with BHP Billiton (ASX:BHP) for its existing Olympic Dam
    operations in South Australia.
    The agreement is an important step in BBP's efforts to
    reduce earnings volatility in its merchant portfolio.
    The contract is for two years commencing on 1st July 2009 and
    the average estimated load is 105MW.
    The contract is priced in line with BBP's forward outlook for
    FY10 and FY11.
 
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