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Erm Power Limited

( ASX:EPW ) - Utilities

News

More Power For ERM

ERM Power (EPW) has mopped up the minority interest in the Oakey power station and will repay the operation’s debt. Full ownership makes life simpler for the power retailer and, despite the expensive price, enables faster utilisation of tax losses and the absorption of Oakey’s franking credit balance. Brokers envisage the acquisition, and the announcement that ERM will take part in the bidding for Macquarie Generation assets, puts the company on a path to becoming the fourth largest vertically integrated power provider in the Australian market.

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