The New South Wales Government is advancing plans to privatise the state’s electricity and gas supplier, EnergyAustralia, according to a report released today.
A front page report in today’s Australian Financial Review says New South Wales, Australia’s dominant economic state, is looking to combine EnergyAustralia with one of its state-owned electricity generation businesses.
The report says the combined entity will be sold in a stockmarket float valued at between $3 billion and $4.5 billion.
The float would create a listed entity to rival incumbents Origin Energy, AGL Energy and TRUenergy.
The report says the combined entity will be sold in a stockmarket float valued at between $3 billion and $4.5 billion.
The float would create a listed entity to rival incumbents Origin Energy, AGL Energy and TRUenergy.
