CSP01/071

Pinnacle 8 Review Panel Closes Matter

The Panel advises that the proceedings on the review Panel's decision in relation to the application made by Reliable Power Inc on 23 May 2001 for a review of the Pinnacle 5 Panel's decision (Pinnacle 8) now appear to be finalised. The review Panel announced its initial decision on 18 June 2001 (MR No. 56/2001).

Prior to the Extraordinary General Meeting of Pinnacle held on Monday 20 August, the Vanteck Transaction (see below) was withdrawn, and at the EGM the Pinnacle shareholders rejected the Int-A-Grid Transaction (see below).