May 27, 2016 9:28 AM ET

Electric Utilities

Company Overview of TransGrid

Company Overview

TransGrid owns, operates, and manages high voltage electricity transmission network that connects generators, distributors, and end users in New South Wales and the Australian Capital Territory. Its network consists of approximately 12,900 kilometers of high voltage overhead transmission line and 82 kilometers of underground cable operating at voltages of up to 330kV; 99 substations and switching stations; 37,241 transmission structures; and 6 interconnectors to Victoria and Queensland’s transmission network. The company also owns and operates telecommunication network, which includes 2,300 kilometers of optical fiber network and 123 radio towers. TransGrid was founded in 1950 and is headqua...

180 Thomas Street

Sydney, NSW 1235

Australia

Founded in 1950

842 Employees

Phone:

61 2 9284 3000

Fax:

61 2 9284 3456

Key Executives for TransGrid

Acting Chief Executive Officer
Chief Financial Officer
General Counsel and Company Secretary
Executive General Manager of Business Growth and Revenue
Executive General Manager of Project Services
Compensation as of Fiscal Year 2015.

TransGrid Key Developments

TransGrid Announces Executive Changes

Spark Infrastructure announced the appointment of Mr. Paul Italiano as the new Chief Executive Officer (CEO) of TransGrid. Mr. Italiano will take up his position mid-year and replaces Mr. Peter McIntyre who has led the organisation since 2010. In the interim, Mr. Ian Stirling will act as CEO. Mr. Stirling was a key advisor to NSWEN in the bid process and is very familiar with the TransGrid business. Mr. Stirling is most notably known for his successes as CEO over a 12-year period with the South Australian electricity transmission business ElectraNet.

State Grid And Macquarie Reportedly Set To Bid For TransGrid

State Grid Corporation of China is poised to make a knockout bid in partnership with infrastructure arm of Macquarie Group Limited (ASX:MQG) for TransGrid and is known to be funding its bid with 80% debt. State Grid and Macquarie are among the four final parties competing for the asset that is expected to sell for more than $8 billion.

NSW Government Reportedly To Receive Binding Offer For TransGrid From CPPIB

Canada Pension Plan Investment Board is partnering with AustralianSuper Pty Ltd to make a bid for TransGrid. The final bids for Transgrid are due on Monday, November 23, 2015, reported Australian Financial Review.

Similar Private Companies By Industry

Company Name Region
ACA Low Emissions Technologies Limited Asia
Aurora Energy Pty Ltd Asia
Ausgrid Asia
Basslink Pty Ltd. Asia
Callide C Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 24, 2015
--
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact TransGrid, please visit www.transgrid.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.