Undertaking date
Undertaking type
Reference number
Section
Company or individual details
-
Name
AGL Energy LimitedACN
115 061 375 -
Name
Great Energy Alliance Corporation Pty LimitedACN
105 266 028 -
Name
GEAC Operations Pty LimitedACN
105 367 888
Undertaking
The undertaking requires AGL and GEAC to provide information to the ACCC concerning hedges, derivative transactions and power purchase agreements.
This undertaking replaces the s. 87B undertaking of 1 August, 2006, which itself replaced the s. 87B undertaking of 3 March, 2004.
AGL offered the undertaking to enable the ACCC to monitor its compliance with undertakings it gave to the Federal Court in 2004 in relation to its acquisition of an interest in Great Energy Alliance Corporation (Court Undertaking). Pursuant to the Court Undertaking, AGL agreed not to be involved in the marketing operations of the Loy Yang Marketing Management Company Pty Ltd (which manages the Loy Yang A power station); limited AGL's economic interest in the Loy Yang Power (which owns the Loy Yang A power station) to 35 per cent; and limited AGL's involvement in, and knowledge of, the dispatch and marketing activities of Loy Yang Power.