Resource News
AGL may still bid for NSW energy assets
By resourceINTEL · November 2, 2009 · 5:54 am · Leave a Comment
AGL Energy, Australia’s largest energy retailer, said today the company hasn’t ruled out bidding for any of the New South Wales state-owned energy assets.
The Sydney-based company made the comments in response to media reports that AGL was unlikely to lodge a bid for Energy Australia, which New South Wales wants to privatise.
Managing director Michael Fraser had said Thursday that AGL may not be in a position to bid for Energy Australia because of competition concerns, but it made clear today that it hasn’t ruled out making any bids.
AGL already has about 77 per cent of the gas market in New South Wales…read more at The Australian
.
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