September 25, 2016 9:09 PM ET

Electric Utilities

Company Overview of Ergon Energy Corporation Limited

Company Overview

Ergon Energy Corporation Limited, through its subsidiaries, retails and distributes electricity to homes and businesses. It builds and maintains electricity distribution networks; offers manufacturing and high voltage diagnostic services; and provides telecommunication and open market wholesale high-speed data services. The company also owns and operates a gas-fired power station at Barcaldine; and stand-alone power stations that supply power to communities. Ergon Energy Corporation Limited was founded in 1999 and is based in Townsville, Australia.

420 Flinders Street

Townsville, QLD 4810

Australia

Founded in 1999

4,349 Employees

Phone:

61 3 0013 5210

Fax:

61 7 4728 9640

Key Executives for Ergon Energy Corporation Limited

Chief Operating Officer and Executive General Manager of Customer Service
Chief Executive Officer at SPARQ Solutions
General Counsel and Company Secretary
General Manager of Human Resources
Compensation as of Fiscal Year 2016.

Ergon Energy Corporation Limited Key Developments

Government Plans Power Mergers

Under the Labor plan announced during the election, the state's power distributors, Energex Limited, Ergon Energy Corporation Limited and Queensland Electricity Transmission Corporation Limited (Powerlink Queensland) would be merged into one government-owned corporation. The government estimates it will save $150 million a year by the move, which will also see board and executive positions go, although Premier Annastacia Palaszczuk has also committed to no forced redundancies. The Electrical Trades Union said it was yet to formally discuss the matter with the government. "I will be meeting with the minister in relation to that over the coming weeks, but it is something we plan to do and it is high on my agenda," Palaszczuk said. As to whether details of the mergers would appear in this year's budget, which is set down for July 2015, the Premier said it was "a matter for the Treasurer".

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 15, 2015
Energex Limited
 

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