where to now for power investment 2?

follow up to apples' news update

This is from another article:

http://www.businessspectator.com.au/bs.nsf/Article/Rudds-ETS-backflip-changes-everything-pd20100429-4Y2Z3?OpenDocument&src=is&is=Resources _ Energy&blog=Powerline

"The gas power investors require at least a $20 per tonne carbon price to make baseload investment feasible and in Victoria the incumbents, TRUenergy and International Power, are not going to launch in to gas-fired investment when they have no idea how they will be compensated for closing their old, emissions-intensive plants at Yallourn and Hazelwood.

In New South Wales, if you accept that the chances of building a large new, coal-fired power station to meet the increasingly-urgent baseload supply requirement are slim, how does anyone make a decision about the alternative 2,000 MW of CCGT gas plant needed by 2015 if the price of carbon is in the air until 2013, another federal election year? This is a big issue for eastern seaboard power supply reliability."

My simple translation is due to the uncertainty of ets. Most large energy company will not invest into new gas fire power stations or to build new ones. So investment will go to the existing power stations instead.