ActewAGL
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|
| Private | |
| Industry | Utilities |
| Founded | 3 October 2000 |
| Headquarters | Canberra, Australia |
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Key people
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Paul Frazer (Chairman), Michael Costello (CEO) |
| Products |
Utility services: Electricity retailing and distribution, Natural gas |
| Revenue |
 A$722.1m (2012)
|
|
A$162.6m (2012)
|
|
| Owner |
ACTEW Corporation 50%, AGL Energy 25%, Singapore Power 25% |
|
Number of employees
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38 (6/2012); ~370 (7/2012) |
| Website | www |
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Footnotes / references |
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ActewAGL is Australia's first multi-utility to offer electricity, natural gas, and telecommunication services through a bundle offer. At the time of its formation it was the only multi-utility of its kind in Australia. ActewAGL comprises two joint ventures: a retail joint venture between AGL Energy and ACTEW Corporation and a distribution joint venture between Singapore Power and ACTEW Corporation. ActewAGL provides utility services in the Australian Capital Territory (ACT) and south-east New South Wales.
During 2012, its former water supply and wastewater management functions were handed back to ACTEW Corporation, who now trade as Actew Water.
ActewAGL was formed in October 2000 when the Australian Gas Light Company (AGL) and ACTEW Corporation, a government-owned enterprise of the ACT Government, entered into Australia's first utility joint venture.
Following October 2006 business dealings with AGL and Alinta, ownership of ActewAGL's retail arm was shared equally between AGL Energy and ACTEW Corporation and ownership of ActewAGL's distribution arm was shared equally between Alinta and ACTEW Corporation. Further changes to the distribution partnership occurred when a consortium including Singapore Power purchased Alinta in 2007. Alinta changed its name in 2008 to Jemena. The distribution partnership is now owned equally by Jemena and ACTEW Corporation.
In February 2004, ActewAGL entered into a management agreement with TransACT Capital Communications Pty Ltd.
In June 2012, ACTEW Corporation did not renew ActewAGL's contact for the management and operation of the water and sewerage network of the ACT and surrounding area, managed since 2000.
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