The Tokyo Electric Power Company, operator of the Fukushima nuclear plant, owns 32.5 per cent of Loy Yang, but the company has denied its Japanese shareholder is looking to divest in order to concentrate on the clean-up operations required at home. Another 32.5 per cent is owned by AGL. Loy Yang lobbied fiercely but unsuccessfully for an amendment to the carbon tax laws that would have allowed deferred payment when generators bought forward-dated pollution permits under the scheme, a provision included under the Rudd government's emissions trading scheme that would have reduced the sudden increase in their working capital requirements. Loy Yang is ineligible for the government's scheme to pay for the closure of brown coal plants. Plants that could access it are Hazelwood, Yallourn and Morwell in the Latrobe Valley, Playford in South Australia and Collinsville in Queensland.