TXU sells Australian unit to Singapore Power, posts results
Energy company Singapore Power finalised the purchase of TXU Australia, part of Texas-based TXU Corp, on July 30 for $3.6 billion. TXU Corp’s 2004 second-quarter results reveal it has posted a $600 million loss, compared with $105 million net income in the same period last year.
Following the purchase, Singapore Power says it now has a diversified portfolio of Australian assets, mainly in the stable regulated network business and growing merchant energy business. For example, Singapore Power has owned
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net