Mr COMBET (Charlton—Minister for Industry and Innovation and Minister for Climate Change and Energy Efficiency) (14:46): I thank the member for Deakin, again. The member for McMillan, I am sure in very good faith, raised an issue earlier about the Latrobe Valley, and the Leader of the Opposition has visited the Latrobe Valley as well and forecast doom and gloom, death and destruction and the end of the Latrobe Valley. He has forecast the end of the entire region. But, today, just days before the carbon price is to commence, when you look through all the rubbish in the headlines at what has actually taken place, there has been $1.6 billion of refinancing in brown coal electricity generation in the Latrobe Valley. He forecast the death of the Latrobe Valley and there is $1.6 billion in refinancing. Mr Chester interjecting— The DEPUTY SPEAKER ( Ms AE Burke ): Order! The member for Gippsland is warned. Mr COMBET: International Power and GDF Suez, the operators of Hazelwood and Loy Yang B, say, 'We are pleased to announce the refinancing of our debt facilities.' The new debt facility was well supported, particularly by the Australian and Asia-Pacific markets. So that is it: the death of the Latrobe Valley, but $1.6 billion in financing just days before the carbon price starts. AGL has invested in Loy Yang A power station and every one of these announcements is a statement of confidence in the economic future of that region.