Pas,just lifted this from the AGK forum, Dont know if there is...

Pas,
just lifted this from the AGK forum, Dont know if there is anything in it.

AGL reviewing options for future investment in Loy Yang A power station and coal resource
AGL Energy Limited (AGL) today confirmed it was reviewing options for its future investment in the Loy Yang A power station and adjacent coal resource.
AGL currently owns 32.54% of Great Energy Alliance Corporation Pty Limited (GEAC), owner of the Loy Yang A power station and more than 1.6 billion tonnes of coal resource.
The current ownership structure of GEAC is:
AGL 32.54%
TEPCO 32.54%
Ratch – Aust Corp Ltd 14.03%
MTAA 12.61%
AustralianSuper 5.78%
Statewide Superannuation 2.50%
AGL is in discussion with the other shareholders about the future ownership structure of GEAC. This follows a review by Tokyo Electric Power Company (TEPCO) of all its assets and the passing of the Clean Energy Future Act.
AGL may increase its ownership interest in GEAC but this would be contingent upon any transaction providing returns in excess of AGL’s investment hurdle rate, an accretion to underlying earnings per share from the first year of ownership, and satisfaction of outstanding issues, including but not limited to:
• reaching agreement with other shareholders
• ACCC approval and the removal of current Federal Court undertakings which limit AGL’s ownership of GEAC to a maximum of 35%, and
• AGL Board approval.