IMO this is probably related to expected drop in customer...

IMO this is probably related to expected drop in customer numbers and reduction in margins due to competition in the energy retail market. Alinta seems to have the most competitive offers for customers and all other retailers are seeing their profit margins getting squeezed trying to compete with them. But I believe that AGL is probably best placed to compete with Alinta due its integration into generation. Near term may see some drop in customer numbers but medium to long term AGL will come out on top.