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Exhibit 5

Carbon tax Calcs Lignite Coal Gas CCGT

Annual generation 2357 2357 2357 GWh

CO2 from thermal station 1.00 0.75 0.365 kg/kWh

CO2 from thermal station 2,357,000 1,767,750 860,305 Tonnes

Cost of power from thermal (PB report) 8.2 9 8 c/kWh

Cost of power from thermal $193 $212 188.56 $m pa

Cost of power from wind at 15 c/kWh $354 $354 $354 $m pa

Premium paid for wind $160 $141 $165 $m pa

Carbon price for breakeven 68 80 192 $/tonne

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