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Power sell-off fails to spark buyer interest

Oct 13, 2009 (The Australian Financial Review - ABIX via COMTEX) -- By Annabel Hepworth and James Chessell

Company: AGL Energy Ltd (AGLNF)

Analysts have questioned whether the New South Wales Government's move to sell the state's electricity assets will include a competitive bidding process. The energy retailing businesses reported a profit margin of just 2.7% in fiscal 2008-09, while concerns remain about the potential impact of the Federal Government's carbon pollution reduction scheme. AGL Energy and Origin Energy are expected to bid for the assets, although analysts do not expect rival bidders to emerge.

Publication Date: 14 October 2009 

AGL ENERGY LIMITED - ASX AGK
ORIGIN ENERGY LIMITED - ASX ORG
CITIGROUP PTY LTD
ERARING ENERGY
INTEGRAL ENERGY AUSTRALIA
NEW SOUTH WALES.  INDEPENDENT PRICING AND REGULATORY TRIBUNAL
NEW SOUTH WALES TREASURY.  OFFICE OF FINANCIAL MANAGEMENT
NEW SOUTH WALES TREASURY.  OFFICE OF STATE REVENUE
NEW SOUTH WALES.  DEPT OF STATE AND REGIONAL DEVELOPMENT
ENERGY AUSTRALIA PTY LTD
COUNTRY ENERGY
DELTA ENERGY PTY LTD
MACQUARIE GENERATION

Copyright (C) 2009 ABIX. All rights reserved

News Provided by COMTEX

Company: AGL Energy Ltd (AGLNF)


Related terms: australia, electricity, energy, government, new south wales, pollution, profit, revenue, treasury

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