EPW 0.21% $2.43 erm power limited

News: EPW ERM Power says would meet its obligations under LGC scheme

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    Jan 24 (Reuters) - Erm Power Ltd (EPW) :

    • Would meet its obligations under LGC scheme through combination of surrendering certificates & paying clean energy regulator (cer) $123 million for 2016
    • "This does not change co's previously stated outlook for fy2017 and as previously noted, earnings will be weighted to second half"
    • Impact is an incremental tax charge of $37 million which is recognised at 31 december 2016
    • Outlook for australian retail ebitda 1 in fy2018 is consistent with market consensus
    • Outlook for Australian retail ebitda 1 in fy2018 does not include any assumptions for further payment of lgc shortfall charges
 
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