Australia Fears AGL's MacGen Buy Could Hinder Competition

Law360, New York (February 6, 2014, 3:28 PM EST) -- An Australian antitrust regulator on Thursday flagged potential anti-competitive consequences that could arise from AGL Energy Ltd.'s proposed acquisition of a pair of coal power stations controlled by state-owned power company Macquarie Generation and asked for more feedback from market participants.

In a statement of issues, the Australian Competition and Consumer Commission said that its preliminary review of the proposed acquisition is likely to result in a substantial lessening of competition in the market for the retail supply of electricity in New South Wales.

“The proposed...
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