AGL has received a pretty worthless bid for Liddell Power station this afternoon, via ASX:
But over at The Australian, which values coal a little more highly than does Alinta, the bid is 1.2bn:
Energy retailer Alinta has made a $1.2 billion bid for the Liddell power station in NSW in a move that will ramp up public pressure on AGL to either sell or reverse its controversial decision to shut down the coal-fired power station by 2022.
One can only conclude that Rupert himself has generously made up the balance.
I’m not sure why AGL would take up the offer, adding a competitor and reducing its own future market share to boot.