croc I may be wrong but wasn't it closed down during the current imposter Vic Labor "Govt" against all advice.

The Frog owner is a rabid carbon dioxide freak and with the connivance of the Greeny ravaged imposter Vic Labor "Govt" they closed Hazelwood proclaiming they had closed down the "dirtiest" power station in the world!!!!!

Now Victoria is teetering on the brink of a power shortage disaster which will also take SA down with it.



Hazelwood power station to close
Business First


Hazelwood power station to close

About 1000 jobs will go with staff at Hazelwood power plant in Victoria’s told yesterday in a meeting that the coal fired station will close on March 31.

The workers have been offered state and federal government assistance packages including retraining, career advice and counselling.



The Turnbull government announced a $43 million package to support the workers who have lost their jobs and the Victorian government has moved to establish a Latrobe Valley authority to administer support and a $22 million package of personalised support including TAFE training, as well as financial and career counselling.

“This is a very tough time. A very tough time for the valley,” Prime Minister Malcolm Turnbull said.

“Our thoughts today are with the tough times for the men and women who work at Hazelwood and of course the many others in that community whose jobs depend on that power station.”



Federal energy minister Josh Frydenberg said it would have a “major impact” on supply and would see Victoria importing electricity — black coal from New South Wales and hydro power from Tasmania.

“I think there will be a price impact in neighbouring states as well because there won’t be that cheaper form of generation, particularly brown coal, which is what Hazelwood does produce, going into those other states,” Mr Frydenberg told ABC’s Lateline program.

“And the minute you start supplying either black coal or gas or renewables costs do go up.”

He said Hazelwood’s closure would remove 22 per cent Victoria’s and that, he said, would have national consequences.

“The closure of Hazelwood will have a major impact on supply, not just in Victoria but also across the national electricity market because Hazelwood made up about 4 per cent of supply across the national electricity market, helping to supply power into South Australia, into Tasmania, and also into New South Wales,” he said.

“Victoria will now go from being a net energy exporter to becoming a net energy importer and at times of peak demand.

“For example in the January/February period in 2018 after the closure — in the hot summer months where there will be increased peak demand — very close attention will need to be taken to ensure that there is the stability and security of supply.

“This could include additional measures, not just market-based measures, but additional measures from AEMO (Australian Energy Market Operator) in order to elicit sufficient generation.”

Hazelwood’s closure could also devastate the Latrobe Valley which has Victoria’s highest unemployment at more than 8 per cent. Latrobe Valley towns like Morwell and Moe have double digit unemployment rates.

The Victorian Council of Social Service chief executive officer Emma King said Engie and Matsui had to step up to the plate.

“Power industry leaders need to open their wallets to help these communities,” Ms King said.

“These power companies have made a lot of money over the years extracting natural resources and processing them for sale. Now they have a responsibility to help with the region’s long-term recovery.”

“It’s time to step up help these communities thrive again.”

And it will have an impact on local businesses.

“Many of my customers are employees of Hazelwood and as an indirect result of the closure that means that their incomes will decrease or they will disappear… so we will all suffer directly or indirectly through them not having the income to be able to spend in the community and then perhaps leaving the area entirely,’’ Latrobe Valley electrician Eric Seegers told The Australia Financial Review.

http://www.businessfirstmagazine.com.au/hazelwood-power-station-to-close/18567/

Sir lastnail wrote on Feb 5^th, 2018 at 10:45am:


They can do their own risk analysis. It is available regardless providing it produces income. Investors using margin loans are well able to get a rebate on their interst providing the shares produce income. That is, not just capital gain. Go back to sleep.

Sir lastnail wrote on Feb 5^th, 2018 at 11:41am:


Like I said it will be a risk / reward profile. Choosing to go down that investment path is totally irrelevant as it is still available. There is the issue of income as well. Houses and shares alike, if they don't produce income, no rebate. You'd be surprised just how many margin loans are in existence. You've smelling the roses for too long. Lionel Roses that is.

juliar wrote on Feb 5^th, 2018 at 11:03am:

Sir lastnail wrote on Feb 5^th, 2018 at 12:21pm:


Wrong, misinformed and ignorant. You may negatively gear any income producing asset you wish.

What has the first home owner's grant got to do with NG.

Gee it is refreshing watching the self appointed oracle of all knowledge the croc and the self appointed whatsit LostSnail going at it hammer and tongs.

Wonder when the croc will realize that LostSnail just wants to get attention ?

juliar wrote on Feb 5^th, 2018 at 4:46pm:


What a bunch of mental midgets.

Sir lastnail wrote on Feb 5^th, 2018 at 4:18pm:


Of course investors negatively gear shares if the dividend payments are less than the interest paid on their margin loans.

http://www.afr.com/personal-finance/how-negative-gearing-would-affect-borrowing-...

Fukking clown.