During 2008/09 we will:

• Continue to investigate opportunities to expand our low emission and renewable generation interests including the Leafs Gully gas-fired generation project, the Macarthur wind farm and two further wind farm projects surrounding Hallett in South Australia;

• Continue to work with the Commonwealth and State Governments as they implement an emissions trading scheme (known as the Carbon Pollution Reduction Scheme) and expanded Renewable Energy Target;

• Continue to offer to forward trade in Australian Emission Units (AEUs), promoting the scheme and providing liquidity in an emerging market;

• Continue to work with our stakeholders to foster greater levels of shared understanding about the targets, pathways and costs associated with reducing greenhouse gas emissions;

• Provide expert advice on energy efficiency and carbon management services through our new business offering for our major commercial and industrial customers called Carbon Management Services;

• Aim for our state electricity supply intensity to be beneath state averages; and

• Continue to work with governments and agencies at all levels to foster understanding around energy markets and energy efficiency programs.