Eraring-extension would reward Origin for mismanagement
Delta Electricity has slammed the possible extension of coal power station Eraring, as an unjust reward for its owner, Origin Energy’s mismanagement.
Delta Electricity has slammed the possible extension of coal power station Eraring, as an unjust reward for its owner, Origin Energy’s mismanagement.
The sharemarket extended its gains, closing up 0.4 per cent. Origin, NSW in talks to extend Eraring by four years. CBA pushes back rate cut call. Weak retail data hits Aussie dollar. ASIC sues Magnis and chair. Worley falls.
Health, education, rent and energy costs are more elevated than food inflation, insists Scott Perkins who chairs both Woolworths and Origin Energy.
The Australian Energy Regulator Australians is delivering relief to consumers’ electricity bills but it will come at a cost to the profits of Origin and AGL, and dent competition, say experts.
The CEO of Australia’s biggest super fund has called out behind-the-scenes advisers over ‘fevered’ pressure in the Origin Energy saga.
Shares in broadband provider Superloop soar 25 per cent after poaching Origin Energy’s wholesale internet contract from rival Aussie Broadband.
Superloop appears to have outfoxed Aussie Broadband by bringing in Origin Energy as a strategic shareholder.
Brookfield’s failed bid to buy Origin Energy came after it walked away from striking a deal for Downer, which has since had a rough few years.
Closure of the coal-fired plant, which supplies 25 per cent of NSW’s electricity needs, could lead to blackouts.
It was earmarked for shutdown in 2025 but the retirement of Australia’s largest coal-fired power station is on hold and Origin Energy is negotiating with the NSW government for how long.
Origin Energy has bought renewables developer Walcha Energy as it increases its zero-emissions development pipeline.
Origin had the exclusive option to underwrite a gas importation terminal planned for Adelaide but has decided it cannot carry the financial risk.
A LNG vessel became stranded at Curtis Island in November, and now Origin Energy has finally disclosed the impact on its exports.
The company’s second major battery development will temper some shareholder pressure after the collapse of Brookfield’s $20bn takeover.
The group, majority owned by billionaire Kerry Stokes, has struck a new long-term supply deal with Origin that includes just a ‘modest’ increase in prices, which has disappointed some investors.
Origin has tipped an extra $530m into British energy retailer and tech platform Octopus Energy, lifting its stake from 20 to 23 per cent.
Brookfield says it could walk away from Origin after its plans generated significant interest from similar businesses around the world seeking capital to accelerating energy transition.
Once seen as inevitable, Brookfield and EIG Partners’ bold bid for Origin collapsed quickly after some misfortune and some missteps.
Australia’s largest superannuation fund, the $300bn AustralianSuper, was quick to tout its credentials after sinking the Origin Energy mega-deal.
AustralianSuper did the nation a service in blocking the takeover of Origin Energy, which its suitors were looking to pick up for a bargain – to the detriment of us all.
Original URL: https://www.theaustralian.com.au/topics/origin-energy/page/3