TRUenergy

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TRUenergy is an energy company headquartered in Melbourne, Victoria, Australia. Founded in 2005 as a retailer and generator of electricity, and a retailer of natural gas, the company is formed from the combination of retail and generation assets purchased by Hong Kong-based CLP from Singapore Power (who in turn purchased them from TXU Corp, of Texas USA), and CLP's own Yallourn Power Station, in Victoria's Latrobe Valley.

TRUenergy supplies natural gas and electricity to more than 1.1 million residential and business customers throughout Australia. In addition to the retail function, TRUenergy has a significant portfolio of industrial and commercial customers, an underground natural gas storage facility at Iona near Port Campbell (Victoria) and operates power stations at Yallourn, Victoria and Hallett Power Station, in South Australia.

Yallourn Power Station is the third largest generator in Victoria. This 1450 megawatt power station supplies 22% of Victoria’s electricity and 8% of National Electricity Market needs. The adjacent brown coal mine is the largest open cut coalmine in Australia with reserves to meet the projected needs of the power station to 2032.

In July 2007 TRUenergy and AGL Energy undertook an asset swap, with TRUenergy exchanging its interest in the 1280 MW Torrens Island Power Station near Adelaide, for the 180 MW Hallett Power Station, also in South Australia

In addition to these generators at Yallourn and Torrens Island, a major gas-fired power station is also being developed at Tallawarra, near Wollongong in New South Wales.

[edit] External links

• TRUenergy
• CLP

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