- Country Energy
-
Country Energy Type Private (retail subsidiary of Origin Energy) Industry Utility Predecessor Great Southern Energy
NorthPowerFounded 2001 Headquarters Port Macquarie, New South Wales, Australia Area served New South Wales
Victoria
Queensland
South Australia
Australian Capital TerritoryServices Electricity retail
Natural gas retailRevenue A$2.3 billion (2008)[1]
Net income A$23.2 million (2008)[1]
Total assets A$4.6 billion at 2008-06-30[1]
Total equity A$0.9 billion at 2008-06-30[1]
Employees 4,000 Parent Origin Energy Website www.countryenergy.com.au Country Energy is a retail subsidiary of Origin Energy. The corporation was formally owned by the Government of New South Wales. It provides natural gas and electricity to retail customers in New South Wales, Victoria, Queensland, South Australia and the Australian Capital Territory.[citation needed]
Contents
History
On 1 July 2001 Country Energy merged with Australian Inland rural-based energy retailer, Great Southern Energy owned by the Government of New South Wales.[2] In addition to electricity retailing, Country Energy operated Australia's largest electricity distribution network by area, covering 95% of the area of New South Wales as well as extending into small parts of Queensland and Victoria. It was one of developers of Directlink, a high voltage direct current electricity transmission line between New South Wales and Queensland transmission grids.[3]
In October 2010, Country Energy sold its natural gas network to Envestra Limited for A$108.6 million, which includes 65 kilometres (40 mi) of transmission and 1,160 kilometres (720 mi) of distribution pipelines.[4]
On 15 December 2010, the New South Wales Treasurer, Eric Roozendaal, announced that the retail division of Country Energy (including the Country Energy brand) was sold to Origin Energy as part of a A$3.25 billion deal.[5] As part of the sale of the retail business the electricity distribution division was separated from Country Energy and re-branded as Essential Energy on 1 March 2011.[6]
Operations
Country Energy has 870,000 customers, and annual revenues of $2.3 billion.[citation needed] It provides natural gas and electricity to retail customers in New South Wales, Victoria, Queensland, South Australia, and the Australian Capital Territory. The two contact centres are located in the New South Wales cities of Port Macquarie and Leeton.[citation needed]
References
- ^ a b c d "Country Energy Financial Results for the Year ended 30 June 2008" (PDF). Country Energy. 2008-10-14. http://www.countryenergy.com.au/wps/wcm/connect/CEL/ce/aboutus/corporateprofilearea/annualreport. Retrieved 2009-02-23.
- ^ NSW Auditor General, Great Southern Engery, 2001
- ^ Grant-Taylor, Tony (20016-12-20). "APT buys DirectLink line". The Courier-Mail (News Limited). http://www.couriermail.com.au/business/apt-buys-directlink-line/story-e6freqmx-1111112720711. Retrieved 2011-06-12.
- ^ "Envestra buys Gas Networks". The Sydney Morning Herald. 26 October 2010. http://news.smh.com.au/breaking-news-business/envestra-buys-gas-networks-20101026-171ax.html. Retrieved 26 October 2010.
- ^ "Board members resign over power sell-off". Sydney Morning Herald. 15 December 2010. http://news.smh.com.au/breaking-news-national/board-members-resign-over-power-selloff-20101215-18x1g.html. Retrieved 17 December 2010.
- ^ Stevens, Rodney (1 March 2011). "Same company, different label". http://www.dailyexaminer.com.au/story/2011/03/01/same-company-different-label-country-energy/. Retrieved 1 March 2011.
External links
Media related to Country Energy at Wikimedia Commons
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