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| ERISK |
NSW coal and carbon contracts must align with the sale contracts said Peter Achterstraat, NSW Auditor-General. He said NSW hedge contracts would need to adequately capture the additional costs of emissions trading (ETS).
(Full Article)Both a massive 50 million tonne a year coal port and a single house electricity supply were before the Commonwealth EPBC Act for review this month; both were in World Heritage areas; but it was likely the port would get approval and the house, refused.
(Full Article)Peter Achterstraat, NSW Auditor-General said a confidential reserve price for each transaction needed to be set by Government, based on "retention value". This was the value if no-one offered to buy. NSW Treasury had not done a retention valuation, yet. A Retention Value was lower than the transaction value; and was a State secret. However it was not a secret to anyone interested to multiply MW/h by CO2-e. See above for the results at a low $20 a tonne/C02.
(Full Article)The NSW Treasury had recommended delaying the sale of any generator until National Emissions Trading Scheme (ETS) details were known. if the Federal government meet its emissions trading policy deadline, the first generator transaction would proceed in 2009.
(Full Article)On 20 August 2008 Sunshine Gas agreed to takeover value near $830 million; Queensland Gas Company aimed - in its offer to Sunshine to gain gas reserves to enable a Gladstoine LNG plant. It aimed for a 7,000 PJ of 2P reserves to trigger the BG Gladstone LNG plant. The QGC takeover had set out to get the Sunshine gas Lacerta CSG project near Roma (ATP 767P / 795P). The map shows the reserves merger plan.
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