BBP 0.00% 9.5¢ babcock & brown power

extra comp for coal-fired power stations

  1. 182 Posts.
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    Might this help the share price once funding issues sorted out?

    According to The Age article:
    http://www.theage.com.au/environment/brumby-in-cash-plea-for-polluters-20091022-hbf9.html

    Brumby in cash plea for polluters
    ADAM MORTON AND ROYCE MILLAR
    October 23, 2009
    THE Rudd Government is considering giving extra compensation to Victoria's high-polluting power stations after lobbying by the State Government, according to leaked documents.

    Confidential state cabinet papers obtained by The Age show that the Federal Government agreed to review the $3 billion compensation for Victoria's brown coal-fired stations under the emissions trading scheme, after the state intervened on the generators' behalf.
 
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