Table 7

Table 7. Australian Electric Utility Privatization-Related Mergers, Acquisitions, and IPP'S

aPowerGen took a 49.9 percent stake. PowerGen's partners include the Australian Mutual Provident Society (26 percent), the New South Wales State SuperCorp. (8 percent), Hastings Funds Management (5.7 percent), and Itochu, a Japanese trading house (10.4 percent). Bidding on this asset were several U.S. companies, including: American Electric Power, Central and South West, CMS Energy, Duke Power, New York State Power, and Northern States Power, National Power, of the UK, was also a bidder.
bThe Perth cogeneration plant is a 50/50 joint venture between SCE Corp and British Petroleum.
Source: Power Asia, various issues.