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Origin is an Australian energy company headquartered
in Sydney.
History
Origin Energy was formed in February 2000, as a
result of a demerger from the Australian conglomerate Boral Limited, in which
the energy business was removed from the building and construction materials
business to form the new company. Between 2001 and 2002, Origin acquired the Victorian
electricity network suppliers Powercor and Citi Power. In 2004, the SEA Gas
Pipeline was completed and commissioned, which served to link the Victorian and
South Australian gas markets. During this time, Origin obtained 50% interest in
the Kupe Gas Field, and managed to obtain Edison Mission Energy's 51.4%
interest in New Zealand's Contact Energy.
On 15 December 2010, Origin Energy announced that it
would purchase the retail divisions of Country Energy and Integral Energy from
the Government of New South Wales, at a total cost of A$3,250 million, as
well as entering a GenTrader agreement with Eraring Energy (in which Origin supplies
fuel, pays certain charges, and can dispatch and sell electricity output, while
Eraring Energy owns, operates and maintains the power stations). The
transaction was completed on 1 March 2011.
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