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NSW puts heat on power bidders

Sep 10, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- By Clancy Yeates

Company: AGL Energy Ltd (AGLNF)

AGL Energy, Origin Energy and TRUenergy are the leading candidates to acquire the state-owned energy retailers in New South Wales. The State Government will shortly seek expressions of interest in the assets, but it has signalled that it could opt to divest one of the businesses via an IPO unless a fourth bidder enters the fray. China Huaneng Group could be a potential bidder.

Publication Date: 11 September 2009 

AGL ENERGY LIMITED - ASX AGK
ORIGIN ENERGY LIMITED - ASX ORG
TRUENERGY AUSTRALIA PTY LTD
CHINA HUANENG GROUP CORPORATION
INTEGRAL ENERGY AUSTRALIA
ERARING ENERGY
NEW SOUTH WALES.  DEPT OF ENERGY, UTILITIES AND SUSTAINABILITY
CLP POWER INTERNATIONAL LIMITED

Copyright (C) 2009 ABIX. All rights reserved

News Provided by COMTEX

Company: AGL Energy Ltd (AGLNF)


Related terms: acquisition, australia, china, electric utility, energy, government, ipo, new south wales

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