What's in the News

• Federal Election Policies
  
  Came across the following article from a while back. 

https://www.copyright link/news/politics/labor-promises-new-tax-writeoffs-for-business-20180313-h0xduq

ALP are looking at writing off 20% of depreciable assets in the first year of the assets life. This excludes buildings but would be applicable to NXT plant and equipment. 

This policy would be beneficial to NXT given the investment in the plant equipment going into the data centers are likely on a long term depreciation schedule. Given the estimated $1-2 billion in capital investments over the next 10 years could be material in offsetting taxable income.

• Mandatory Power Outages 

https://www.copyright link/business/energy/electricity/agl-energy-outage-at-loy-yang-a-ups-pressure-on-power-grid-as-heatwave-strikes-20190123-h1adbu

Several generators across the country have issues and it is coinciding with the heat wave in the southern states. There is a  likelihood of mandatory shutdowns (load shedding) tomorrow.

Does anyone know if this will affect M1 and M2? Also does anyone know if M1 and M2 have previously run off the back up on site diesel generators? My understanding from doing a tour of S1 (many years ago) was there are 3 days of diesel stored on site for the generators and priority allocation (second only to hospitals) of fuel to the sites.It would be a good test to see the back up power features.