Origin LNG white elephant tramples east coast economy

From ORG today:

The worthless $80bn LNG white elephant is the gift that keeps on giving. It runs at huge all-in cost losses triggering these write downs, while operating at fabulous cash break even gains thanks to drip feeding gas into the east coast economy.

This write down is not paid for by shareholders, it is paid for directly by you. To wit:

How can a plain vanilla utility be delivering 27% profit growth? I’ll tell you how. A massive gas gouge has skyrocketed the marginal cost of electricity turning legacy and renewable assets into cash cows.