AGL Energy Limited - proposed acquisition of certain electricity privatisation assets of the New South Wales Government

Acquirer(s)

  • AGL Energy Limited

Target(s)

  • electricity privatisation assets of the New South Wales Government

Summary

The New South Wales Government proposed to privatise its electricity generation and retail assets, including generation development sites.

AGL Energy ('AGL') is a participant in this process. The ACCC has decided not to oppose the proposed acquisition of certain privatisation assets, namely:

- Country Energy or Integral Energy; together with

- Eraring or Delta Coastal or Delta Western Gentrader bundles; together with

- one or more development sites.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Public competition assessment

Document title Date

Timeline

DateEvent
01/09/2010ACCC commenced review under the Merger Review Process Guidelines.
13/09/2010Closing date for submissions from interested parties.
18/10/2010ACCC requested further information from the NSW Government regarding the privatisation assets. ACCC timeline suspended.
05/11/2010ACCC received further information from the NSW Government. ACCC timeline recommenced.
24/11/2010The New South Wales Government has advised that it is conducting further analysis of bids for the privatisation of electricity assets. The ACCC has therefore deferred its decision and will announce a new proposed date when further information regarding the final bids is received from the Government.
03/12/2010ACCC received further information from the NSW Government. ACCC timeline recommenced.
09/12/2010ACCC announced it would not oppose the potential acquisition of a number of asset combinations sought by AGL.