orign energy pulls out of alinta asset sale, page-6

maybe it's time to consider what origin would probably want and not want.

Alinta retail gas and electricity sales -yes(they have their own gas)

glenbrook in nz-no

redfern-maybe

energy trading-no

power stations-only the gas fired ones.

Plants tied to mining companies-no

gas pipeline interest-no

So why not sit on the fence and see what happens and pick off the assets the new controllers/management will sell.

Obvious to me-the management were after selling bits and pieces(at their true value) to keep the company synergies intact-maybe those bits were the coal fired stations tied to mining companies and coal fired plant.

ORIGIN has its own problems-CONTACT in NZ loosing 120k? customers(thru perceived price gouging by most of the public and shareholder/public revolt at management/directors wanting massive pay rises-now cancelled) and low energy prices with some dams overflowing and spot market pricing below cost? leaving thermal generating capacity mainly idle during the last three months i believe.

Maybe they're hunkering down hoping it doesn't happen in Aussieland