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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.