Dec 14 (Reuters) - AUSTRALIA MINISTERS FOR ENERGY & EMISSIONS REDUCTION AND EDUCATION:
* GOVERNMENT TO SAFEGUARD PORTLAND ALUMINIUM SMELTER EMERGENCY POWER RESERVES TO MARKET
* GOVERNMENT TO UNDERWRITE REVENUE EARNED BY ALCOA-OWNED FACILITY TO REDUCE ITS LOAD
* TO GIVE PORTLAND WITH RERT REVENUE OF UP TO $76.8 MILLION OVER 4-YRS TO 2024-25
* UNDERWRITING TEMPORARY AND TO STOP POST-2025 ELECTRICITY MARKET REFORMS IN PLACE
* IN RETURN FOR GOVERNMENT UNDERWRITING, PORTLAND WILL HAVE TO PARTICIPATE IN RERT TO MAX EXTENT POSSIBLE