Australian Gas Light Company
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| Australian Gas Light Company | |
|---|---|
| Fate | merged |
| Successor | AGL Energy |
| Founded | |
| Defunct | 2006 |
| Location |  Australia |
| Industry | Electricity generation |
The Australian Gas Light Company (ASX:AGL) was an Australian gas and electricity retailer. It was a public company listed on the Australian Securities Exchange. AGL was initially founded to supply gas in New South Wales although the company has gradually diversified into electricity and a number of different locations. After a combination of a merger and demerger with Alinta in 2006, it was replaced by AGL Energy.
Electricity generation assets of the company included a stake in the Loy Yang Power Station and ownership of the Kiewa Hydroelectric Scheme, the Wattle Point Wind Farm, and a peak load gas-powered power station near Hallett in South Australia.[1]
The company also had significant ownership of gas pipelines plus electricity and gas distribution networks in Australia.
In late 2006, AGL merged with Alinta and then demerged to create separate retail and infrastructure companies.[2] The transactions were executed on 25 October 2006 via two schemes of arrangement, resulting in a revised Alinta holding both companies’ combined infrastructure and asset management businesses, and AGL Energy, which holds AGL’s energy business as well as approximately one third of Alinta’s West Australian retail and cogeneration business (AlintaAGL).[3]
[edit] References
- ^ Australian Gas Light Company (2002-01-17). "AGL power plant delivers new energy to SA market". Press release. Retrieved on 2006-08-10.
- ^ Australian Gas Light Company (2006-08-10). "AGL lodges scheme booklet with ASIC". Press release. Retrieved on 2006-08-10.
- ^ Alinta Ltd merger with the Australian Gas Light Company (AGL) - October 2006. Australian Taxation Office (18 January 2007). Retrieved on 2007-01-31.
[edit] External links
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