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.
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History
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.
On 15 May 2014 Energy Australia announced Catherine Tanna as new Managing Director of the company.
On 6 November 2015, it was announced that up to 300 jobs are in doubt after EnergyAustralia announced plans to close its call centre in Melbourne's north-east (Mill Park) and move jobs to the Philippines after the Hong Kong owned company decided to cut costs.
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Operations
EnergyAustralia supplies natural gas and electricity to more than 2.8 million residential and business customers throughout Australia. 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 Australia is responsible for an output of 20.8 million tonnes CO2-equivalent gases, the greatest producer of greenhouse gas pollution in Australia.
Energy generation and assets
EnergyAustralia's portfolio of assets includes:
- Yallourn Power Station, Victoria
- Tallawarra Power Station, New South Wales,
- Hallett Power Station, South Australia
- 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
Source of the article : Wikipedia
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