way undervalued, page-31

ACCC is an anti-trust regulator that I would judge by its history. If its history is anything to go by, AGL has historically beaten ACCC in Court on Macquarie Generation and historically shown ACCC to be putting forward arguments later found to be inaccurate by the Courts.

ACCC has had flawed thinking in the past and demonstrated to have a poor understanding of downstream, midstream and upstream in Australia.

It is run by Rod Sims, an ex-staffer of Bob Hawke, whose arguments have become timeless. If you had put your money on AGL in the past vs ACCC, you would have been handsomely rewarded. AGL winners have been AGL grinners. Sims has remained in post the entire period.

I see no reason why history would not continue to the benefit of AGL and to the detriment of ACCC, which is using Court judgements factually one of the worst if not the unsurpassed worst anti-trust regulator in the entire world.