I personally dont think there was anything new in the report and the government could have saved $100k by asking Chorus what options it had. If the best they can come up with cost cutting which may effect service or reduce dividends which may effect required capital raising (that $200m shortfall needs to come from somewhere), then they were scraping the barrel.
Having said that, the market is fickle, and it isn't positive news (though we already knew it all anyway so is it really news), so it probably will go down. Buying opportunity for Milford or have they hit their limit?