Had to happen, however more likely good news for CEN as from this they will have the odd outstanding (dry) year as the only thermal generator of scale. This supports their retention of CCGTs beyond 2018.

Key thing for GNE holders is what is the company's strategy for the future? Can it become a renewable developer? Can it become an innovative low cost to serve retailer?

One other effect is an improvement in GNE balance sheet as enables them to burn a stockpile of 700kt of coal @ say $100/T thats $70m of invenetory no longer req'd.