Brief: TPC Consolidated Ltd updates on potential impact from unexpected events

TPC Consolidated

24/03/2017 06:31

March 24 (Reuters) - Tpc Consolidated Ltd  TPC.AX  
    * Recent soaring in wholesale electricity and gas prices 
potentially has an adverse impact on company's energy business 
performance. 
    * Over past three months company has experienced 
uncontrollable events that have had an adverse impact on cost of 
electricity and gas 
    * "These circumstances are expected to continue into 
foreseeable future" 
    * It is difficult to forecast results for second half of 
financial year. 
    * Events have contributed to increased volatility and 
greater uncertainty, leading to substantial increase in costs in 
energy futures market 
    * Recent cost increase has potential to adversely affect 
co's performance which impacts co's previously stated outlook 
for fy 2017 
    * Final decision to decommission hazelwood coal fired 
generator will reduce electricity supply and has changed market 
dynamics 
 
Source text for Eikon:  ID:nASX97VKFW  
Further company coverage:  TPC.AX  
 
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