September 25, 2016 2:33 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

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 2016.

TransGrid Key Developments

Spark To Suspend Any New Plans For Ausgrid

Spark Infrastructure Group (ASX:SKI) has ruled out joining a new race for NSW distribution business Ausgrid forced by Scott Morrison's rejection last week of Chinese bidders, including the locally listed company's business partner Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038). Scott Morrison, Member of Parliament, Cronulla officially blocked Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) and State Grid Corporation of China from acquiring a 50.4% interest in the 99-year lease for Ausgrid. State Grid agreed to participate in the bid after an invitation from the NSW government in November, 2016 and had "absolutely" followed the guidance and conditions set by the seller, State Grid said in a statement reported on Bloomberg. The company said "We find it hard to understand and are very disappointed." Spark and Ausnet Services, have been seen as potential bidders for the NSW privatisation assets, alongside local funds such as AustralianSuper and IFM Investors. Spark formed a consortium with Hastings Funds Management and the Abu Dhabi Investment Authority, Caisse de depot et placement du Quebec and Wren House, that had intended to consider bidding for all three networks being sold by the NSW Government. While it was successful in TranGrid, Spark did not enter a bid for Ausgrid, but said it would consider a bid for Endeavour Energy.

TransGrid Announces Board Changes

Spark Infrastructure Group announced that Dr. Kerry Schott AO has been appointed as the Chair of TransGrid. Mr. Rick Francis, Managing Director of Spark Infrastructure, who has been serving as the initial Chair of TransGrid since acquisition, has been appointed as Deputy Chair. Dr. Schott is a highly experienced leader in the Australian infrastructure space. During her extensive career, she has served in a number of senior positions in both the private and public sector in Australia and overseas, including as Managing Director and CEO of Sydney Water Corporation, Deputy Secretary of NSW Treasury, a Managing Director of Deutsche Bank and Executive Vice President at Bankers Trust Australia. She is an experienced Non-executive Director and Chair and currently serves on the Boards of NBNCo, Infrastructure Australia and Moorebank Intermodal Company.

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.

Similar Private Companies By Industry

Company Name Region
Aurora Energy Pty Ltd Asia
Ausgrid Asia
Australian Energy Market Operator Ltd. 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
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. 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.