It all relies on revenue and profit of the fund. The carbon tax...

It all relies on revenue and profit of the fund. The carbon tax is looming, nothing set in stone, but much of TSI's power generation is green (wind farms) so the impact on them relative to other producers who are coal orientated would have to be minimal. I also remember they mention the cost of converting the Collinsville power station to gas would be minimal. therefore another green initiative.

Plus the figures we see don't include any revenue from Loy Yang A. This power station was contracted out to Alcoa for something like 30years... I don't remember exact details.

The distributions are covered by cash flow, after taking into account all expenses, and this year they made a $10mil voluntary debt repayment.

Unless the bum falls out of the electricity market, I don't see revenue and profit falling substantially where the distributions will be reduced. All the things I read talk about electricity demand increasing.

If the DRP forces the SP down to 40 something cents in the future and the distributions don't drop, I'll be borrowing money to get that 16+% yield.