Ann: ERM Power announces LGC Fulfilment Plan for 2016, page-18

Well, starting with 2016 dividend payouts, there have not been Franking Credits given anymore. With the above move to pay for the LGCs, we might get back our frankings for FY2017. I don't see anything bad abt this,... unless of course if they reduce the payout instead.

I suspect the thing that caught investors' eyes is that ERM needs to payout $123Mil to CER and another 37Mil for tax. Investors don't like 'paying out money',... The impact from the above payouts is also explained as in : This does not change ERM Power’s previously stated outlook for the FY2017 full year and as previously noted, earnings will be weighted to the second half.

To me, bare reading the above tells me no issue at all here.