leverage for local use just keeps improving.time frames are...

leverage for local use just keeps improving.
time frames are definite....August 2012.,

990 million dollars in carbon permits due 2014 to LYP
226 MILLION in cash component available 2012 july to LYP
ALL CONDITIONAL,
Irrespective of whether Abbott gets elected 2015, and he will need a double disollution to change the carbon tax,but once the funding is approved prior to election by the clean energy authority,it must be honoured.
climate change act 2011 worth reading especially part 8 that is relevant to power operators.

THE MOU with LYP will become a JV prior to August 2012, the sweetner is too large and LYP debts need refinancing.
Now LYP NEEDS ECT on equal terms.

Stage 1 of the DFT will be ready prior to AUGUST 2012.
definate date combined with 1.2 billion dollars should see a new business model in LYP.