TRUenergy
Encyclopedia
TRUenergy is an energy company headquartered in Melbourne
, Victoria
, Australia
.
Founded in 1995 as a retailer and generator of electricity
, and a retailer of natural gas
, the company is formed from the combination of retail and generation assets purchased by Hong Kong-based CLP from Singapore Power
(who in turn purchased them from TXU
Corp, of Texas
USA), and CLP's own Yallourn Power Station, in Victoria's Latrobe Valley
.
TRUenergy supplies natural gas and electricity to more than 1.25 million residential and business customers throughout Australia. In addition to the retail function, TRUenergy has a significant portfolio of industrial and commercial customers, and a $5 billion portfolio of energy assets, including an underground natural gas storage facility at Iona near Port Campbell
(Victoria), a master hedge agreement with Ecogen for 966 megawatts of gas-fired electricity and power stations at Yallourn, Victoria
and Hallett Power Station, in South Australia
.
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Founded in 1995 as a retailer and generator of electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
, and a retailer of natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
, the company is formed from the combination of retail and generation assets purchased by Hong Kong-based CLP from Singapore Power
Singapore Power
Singapore Power is a company which provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Singapore. It is the only electricity company in Singapore, and is also one of the largest corporations in Singapore...
(who in turn purchased them from TXU
TXU
Energy Future Holdings Corporation is an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The company was known as TXU until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs...
Corp, of Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
USA), and CLP's own Yallourn Power Station, in Victoria's Latrobe Valley
Latrobe Valley
The Latrobe Valley is an inland geographical region and urban area of Gippsland in the state of Victoria, Australia. It is east of the City Of Melbourne and nestled between the Strzelecki Ranges to the south and the Great Dividing Range to the north – with the highest peak to the north of the...
.
TRUenergy supplies natural gas and electricity to more than 1.25 million residential and business customers throughout Australia. In addition to the retail function, TRUenergy has a significant portfolio of industrial and commercial customers, and a $5 billion portfolio of energy assets, including an underground natural gas storage facility at Iona near Port Campbell
Port Campbell, Victoria
Port Campbell is a coastal town in Victoria, Australia, located on the Great Ocean Road, west of the Twelve Apostles, in the Corangamite Shire.-History:...
(Victoria), a master hedge agreement with Ecogen for 966 megawatts of gas-fired electricity and power stations at Yallourn, Victoria
Yallourn, Victoria
Yallourn, Victoria was a company town in Victoria, Australia built between the 1920s and 1950s to house employees of the State Electricity Commission of Victoria, who operated the nearby Yallourn Power Station complex. However, expansion of the adjacent open-cut brown coal mine led to the closure...
and Hallett Power Station, in South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...
.