The company is owned by the DUET Group, which also owns United Energy, an electricity distributor in Melbourne's eastern and south-eastern suburbs and the Mornington Peninsula. DUET also owns the West Australian Dampier to Bunbury Natural Gas Pipeline, the sole gas conduit for Perth and coastal West Australia.
In April 2017, Hong Kong-based Cheung Kong Infrastructure (CKI) proposed to acquire the DUET Group for A$7.4 billion, which was approved by FIRB later that month. CKI also owned or controls CitiPower in Melbourne, Powercor in western Melbourne and western Victoria, and Envestra, which distributes gas through much of Victoria, as well as Queensland and South Australia. After the acquisition, CKI controls three out of five electricity distributors and two out of three gas distributors in Victoria.
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