AGL Energy Limited


Company or individual details

  • AGL Energy Limited

    ACN: 115 061 375
    ABN:
    ARBN:

  • Great Energy Alliance Corporation Pty Limited

    ACN: 105 266 028
    ABN:
    ARBN:

  • GEAC Operations Pty Limited

    ACN: 105 367 888
    ABN:
    ARBN:
Undertaking date 4th October 2006
Undertaking

The undertaking requires AGL and GEAC to provide information to the ACCC concerning hedges, derivative transactions and power purchase agreements.

This undertaking replaces the s. 87B undertaking of 1 August, 2006, which itself replaced the s. 87B undertaking of 3 March, 2004.

AGL offered the undertaking to enable the ACCC to monitor its compliance with undertakings it gave to the Federal Court in 2004 in relation to its acquisition of an interest in Great Energy Alliance Corporation (Court Undertaking). Pursuant to the Court Undertaking, AGL agreed not to be involved in the marketing operations of the Loy Yang Marketing Management Company Pty Ltd (which manages the Loy Yang A power station);  limited AGL's economic interest in the Loy Yang Power (which owns the Loy Yang A power station) to 35 per cent; and limited  AGL's involvement in, and knowledge of, the dispatch and marketing activities of Loy Yang Power.
TRIM document number D06/81674
Section s. 50
Attachments
Document status
Status Expired
Date 22nd June 2012
Comment On 30 May 2012, the Federal Court ordered that the Court Undertaking offered to it by AGL in 2004 in relation to AGL’s acquisition of an interest in Great Energy Alliance Corporation be discharged with effect from 22 June 2012. Pursuant to this order, the related undertakings offered to the ACCC by AGL to enable it to monitor AGL’s compliance with the Court Undertakings also cease to operate from 22 June 2012.