EnergyAustralia

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This article is about the company previously named TRUenergy. For the former state government enterprise named EnergyAustralia, see EnergyAustralia (state government enterprise).
EnergyAustralia
Type Private company
Industry Energy
Founded 1995 (1995)
Headquarters Melbourne, Australia
Key people Catherine Tanna (MD)
Services Electricity and natural gas retail
Parent CLP Group
Website www.energyaustralia.com.au

EnergyAustralia (former name: TRUenergy) is an electricity generation, electricity and gas retailing private company in Australia that is owned by Hong Kong-based and listed CLP Group. EnergyAustralia also has a portfolio of generating sites using thermal coal, natural gas, hydro-electric, solar energy, and wind power.

The company was founded in 1995 and its headquarters are located in Melbourne, Victoria.

History[edit]

EnergyAustralia building, Sydney

Called TRUenergy, the company was formed in 1995 from the combination of retail and generation assets purchased from Singapore Power (who in turn purchased them from TXU Corp), and CLP's own Yallourn Power Station, in Victoria's Latrobe Valley. In 2011, TRUenergy acquired retail business and trade name from the state–owned enterprise, EnergyAustralia from the NSW Government. Following the divestment of its retail assets, the name of the government–owned enterprise was changed to Ausgrid. Subsequently, in 2012, TRUenergy changed its name to EnergyAustralia.

In late 2011, there were media reports that TRUenergy may be floated in 2012 and later reported that this initial offering may be considered in 2013.[1]

On 15th May 2014 Energy Australia announced Catherine Tanna as new Managing Director of the company. [2]

Operations[edit]

EnergyAustralia supplies natural gas and electricity to more than 2.8 million residential and business customers throughout Australia.[3] In addition to the retail function, EnergyAustralia has a significant portfolio of industrial and commercial customers, and a A$5 billion portfolio of energy assets, including an underground natural gas storage facility at Iona near Port Campbell, a master hedge agreement with Ecogen for 966 megawatts (1,295,000 hp) of gas-fired electricity and power stations at Yallourn, Victoria and Hallett Power Station, in South Australia.

Energy generation and assets[edit]

The following assets are included within EnergyAustralia's portfolio:

  • Yallourn Power Station, Victoria
  • Tallawarra Power Station, New South Wales,
  • Hallett Power Station, South Australia
  • Iona Gas Plant, Victoria
  • Pine Dale Mine, New South Wales
  • Waterloo Wind Farm, South Australia
  • Cathedral Rocks Wind Farm, South Australia
  • Mount Piper Power Station, New South Wales
  • Wallerawang Power Station, New South Wales

References[edit]

  1. ^ "TRUenergy eyes IPO in 2012: report". Business Spectator. 24 November 2011. Retrieved 14 December 2011. 
  2. ^ "EnergyAustralia announces Catherine Tanna as new Managing Director". EnergyAustralia. 15 May 2014. Retrieved 20 June 2014. 
  3. ^ "EnergyAustralia residential and business customers". EnergyAustralia. 17 July 2014. Retrieved 17 July 2014.