Uh-oh. Looks like civilisation as we know it comes to an end in 2015. That’s when, if we have an emissions trading scheme as currently designed, the large brown coal generators in the Latrobe Valley plunge into bankruptcy and the electricity supply -- and all the mod cons we take for granted -- can no longer be guaranteed.
TRUenergy CEO Richard McIndoe, whose company owns the Yallourn power station, does not say exactly how many days or weeks the generators can survive after receiving the last of the $3.9 billion in compensation from the federal government in 2015, but he does warn it is a "cliff’s edge". Here’s hoping that they last at least until the end of September -- it’d be too bad to miss out on the broadcast of the footy finals.