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CS Energy's proposed power-station acquisition attracts Australian regulatory scrutiny

( March 14, 2024, 04:49 GMT | Official Statement) -- MLex Summary: Electricity generator CS Energy’s proposed acquisition of the Callide C power station in central Queensland will be reviewed by Australia’s competition watchdog. In a statement, the Australian Competition & Consumer Commission said it would focus on the deal’s effects on competition for the supply of wholesale electricity, and CS Energy’s ability and incentive to offer electricity-hedging contracts to other electricity retailers on commercial terms and at competitive prices. The proposed transaction would see CS Energy acquire IG Power Limited’s 50 percent interest in the coal-fired power station, and would increase its total ownership interest to 100 percent.The full statement by the Australian Competition & Consumer Commission follows; the ACCC's market inquiries letter is attached:...

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