March 03, 2015 12:05 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. The company offers electricity transmission service through high voltage transmission lines and underground cables, and substations for homes, factories, and businesses. It also provides network planning, consultations, network connections, and network support and demand management solutions. In addition, the company owns and operates telecommunications network comprising microwave radio systems and an optical fibre network. TransGrid was formerly known as PacificGrid and changed its name in February...

201 Elizabeth Street

Sydney South, NSW 1235

Australia

Founded in 1950

Phone:

61 2 9284 3000

Fax:

61 2 9284 3456

Key Executives for TransGrid

Managing Director and Executive Director
Executive General Manager of Finance & Information Systems
Executive General Manager of Network Services & Operations
Board Secretary
Executive General Manager of Network Planning & Performance
Compensation as of Fiscal Year 2014.

TransGrid Key Developments

State Grid Corporation of China Reportedly Retains HSBC For Acquisition Of Electricity Assets

State Grid Corporation of China has retained HSBC to advise it on the acquisition of up to $50 billion worth of electricity assets earmarked for sale by the Queensland and NSW governments. State Grid will rival three consortiums and other possible buyers, likely to include Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038), advised by Credit Suisse and potentially Citigroup Inc. (NYSE:C). So far, consortiums in place are Australian Super, Canada Pension Plan Investment Board and Borealis Capital Corporation advised by Morgan Stanley and Goldman Sachs, and IFM Investors Pty Ltd and QIC limited, which may be representing interests of the Future Fund and could be taking advice from Barclays. Caisse de dépôt et placement du Québec is said to have joined the Hastings Funds Management Limited’s consortium with Spark Infrastructure Group (ASX:SKI), advised by JP-Morgan and Royal Bank of -Canada. Universities Superannuation Scheme Limited and Abu Dhabi Investment Authority were in talks to join Hastings before Christmas and could be still searching for partnership opportunities. Singapore Power Ltd is still considering whether to enter the bidding. A decision on whether the Queensland government sells its electricity assets will depend on the outcome of the January 31, 2015 election. Macquarie and Bank of America Merrill Lynch are handling the Queensland sales. The sale will begin with Powerlink Transmission Services Pty Ltd. valued between $10 billion and $12 billion, followed by Energex Limited and Ergon Energy Queensland Pty Ltd. with all assets collectively worth about $30 billion. The government will also sell a lease for 100% of its electricity transmission network TransGrid, for between $7 billion and $8 billion. This will be followed by sale of 50% stakes in Ausgrid and Endeavour Energy. About $20 billion collectively is expected from the sell down.

Spark Infrastructure In Talks For Potential Bidders For NSW Assets

Spark Infrastructure Group (ASX:SKI) has started talks with potential bid partners for a stake in NSW's $20 billion electricity distribution network. It's understood that Spark is seeking a North American pension fund or Australian superannuation fund to bankroll its bid. Spark is believed to be looking for at least two bid partners, which would ensure it could own 49% stake in a bidding consortia without ceding control to another party. The assets to be sold are split into Ausgrid, Endeavour Energy Australia, TransGrid. Deutsche Bank and UBS have to put forward a sale strategy to NSW Premier Mike Baird by the end of 2014. Early indications are that TransGrid and Endeavour could be sold as individual entities, while Ausgrid could be split into two or three parts. It is also possible that NSW floats at least one of the assets

Update On Buyers For NSW Power Firms

Australian and offshore investors are likely to bid for the electricity assets that will be privatized by the New South Wales Government. Buyers will gain a 99-lease on 49% stakes in the TransGrid, Endeavour Energy Austrlia and Ausgrid electric power transmission and distribution businesses. Local bidders are tipped to include DUET Group (ASX:SKI) and Spark Infrastructure Group (ASX:SKI).

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