Origin Energy
 |
|
| Public | |
| Traded as | ASX: ORG |
| Industry | Energy |
| Founded | February 2000, but parts of the business date from the 20th century |
| Headquarters |
Australia Square Sydney, New South Wales, Australia |
|
Key people
|
Frank Calabria (CEO) (MD) |
| Products | Electricity, natural gas, solar panels, LPG, hot water, heating and cooling, electric vehicle charging |
| Revenue |
 A$11,550 million (2015,[1]) |
|
A$760 million after tax (2013) |
|
|
Number of employees
|
6,000 (2016) |
| Website | Origin Energy Origin LPG |
Origin is an Australian energy company headquartered in Sydney.
Origin Energy was formed in February 2000, as a result of a demerger from the Australian conglomerate Boral Limited, in which the energy business was removed from the building and construction materials business to form the new company.
Between 2001 and 2002, Origin acquired the Victorian electricity network suppliers Powercor and CitiPower. In 2004, the SEA Gas Pipeline was completed and commissioned, which served to link the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field, and managed to obtain Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy. Origin sold its 53% shareholding in Contact Energy to the market in 2015.
On 27 November 2006 the Queensland Government announced the sale of Sun Retail Pty Ltd, the former retailing arm of Energex to Origin for $1.202 billion. Sun Retail included some 840,000 residential, commercial and industrial electricity customer accounts and 55,000 LPG customers.
On 15 December 2010, Origin Energy announced that it would purchase the retail divisions of Country Energy and Integral Energy from the Government of New South Wales, at a total cost of A$3,250 million, as well as entering a GenTrader agreement with Eraring Energy (in which Origin supplies fuel, pays certain charges, and can dispatch and sell electricity output, while Eraring Energy owns, operates and maintains the power stations). The transaction was completed on 1 March 2011.
The company has a diverse exploration portfolio, which includes the Bowen, Surat and Cooper / Eromanga basins in Central Australia, the Otway and Bass basins in Southern Australia, as well as interests in the Perth Basin and Browse Basin in Western Australia, and the Bonaparte Basin in the Northern Territory. Outside Australia, Origin operates the Kupe gas field in the Taranaki Basin of New Zealand. The company also holds interests in New Zealand’s Canterbury Basin, and further afield, has interests in permits in Botswana and Vietnam.
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Wikipedia