AGL and TRUenergy - proposed swap of South Australian electricity assets

Acquirer(s)

  • AGL Energy Limited

Target(s)

  • TRUenergy Pty Ltd

Summary

AGL Energy and TRUenergy proposed to enter into an agreement whereby TRUenergy would transfer its gas fired 1280MW Torrens Island electricity generation facility, and associated gas supply contracts and facilities, to AGL, and AGL would transfer its 180MW gas fired electricity generator at Hallet to TRUenergy.

Market definition

See detailed Public Competition Assessment below.

Competition analysis

See detailed Public Competition Assessment below.

Public competition assessment

Document title Date

Timeline

DateEvent
02/02/2007ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.
26/02/2007Closing date for submissions from interested parties.
15/03/2007Indicative timeline extended by 1 week.
04/04/2007ACCC announced it would not oppose the proposed transaction.