find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Mallesons in energetic exchange

Mallesons in energetic exchange

MALLESONS STEPHEN JAQUES acted for TRUenergy in its power station swap with AGL Energy, which includes Australia’s largest gas-fired power station.The deal will involve TRUenergy selling its…

MALLESONS STEPHEN JAQUES acted for TRUenergy in its power station swap with AGL Energy, which includes Australia’s largest gas-fired power station.

The deal will involve TRUenergy selling its Torrens Island power station in South Australia to AGL for $417 million and acquiring AGL’s Hallett power station in Victoria for $117 million. The transaction also involves electricity and wholesale gas supply and delivery arrangements.

The law firm said it had to devise a complex and detailed structure for the transaction, including corporate structuring and long-term energy supply arrangements, as well as running simultaneous sale agreement negotiations and resolving regulatory issues associated with large electricity generating plants.

Partner Louis Chiam led the team supported by partners Vishal Ahuja and David Perks and senior associate Paul Lingard. The team also included Mallesons’ lawyers from Melbourne and Perth with expertise in electricity regulation and sale transactions for large infrastructure assets.

“We advised China Light & Power back in 2005 when it originally acquired the merchant energy business, now known as TRUenergy,” said Chiam.

“Our ongoing relationship gives us a detailed understanding of TRUenergy’s business and commercial objectives.”

TRUenergy managing director, Richard McIndoe, said in a statement that the transaction will provide the company with a more balanced and flexible portfolio, and position the company to compete and grow in line with its corporate strategy.

The company is also developing the 400 megawatt Tallawarra power station in New South Wales.

TRUenergy supplies gas and electricity to 1.1 million homes in Victoria, South Australia and New South Wales, as well generating electricity in both Victoria and South Australia.

The transaction should be completed on 2 July pending Australian Competition and Consumer Commission clearance and other third-party consents.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Mallesons in energetic exchange
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...