Update on ACCC clearance process for AGLs acquisition of Loy Yang A Power Station
AGL Energy Limited (AGL) has been advised that the ACCC has recommenced the timeline for its clearance process in relation to AGL's proposed acquisition of Great Energy Alliance Corporation Pty Limited.
The revised date for the ACCC to announce its findings in relation to AGL's clearance application is 17 May 2012.
AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.