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{{Short description|Transmission system operator in Australia}}
{{Use Australian English|date=May 2024}}
{{Use dmy dates|date=November 2019}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
{{Infobox company
| name = TransGrid
| name = Transgrid
| image=
| logo = TransGrid logo.svg
| image_caption = Transgrid network
| logo_size = 200px
| caption =
| type =
| type =
| traded_as =
| traded_as =
| fate =
⚫
| predecessor = [[Electricity Commission of New South Wales]]
| fate =
⚫
| successor =
⚫
| predecessor = [[Electricity Commission of New South Wales]]
⚫
| foundation = {{Start date|1995|2|1|df=y}}
⚫
| successor =
⚫
| founder =
⚫
| foundation = {{Start date|1995|2|1|df=y}}
⚫
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
⚫
| founder =
⚫
| location_city = [[Sydney]]
⚫
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
⚫
| location_city = [[Sydney]]
| location_country = Australia
| location_country = Australia
| location =
| location =
| locations =
| locations =
| area_served = [[New South Wales]]
| area_served = [[New South Wales]], [[Australian Capital Territory]]
| key_people =
| key_people =
| industry =
| industry =
| products =
| products =
| services = [[Electric power transmission]]
| services = [[Electric power transmission]]
| revenue =
| revenue =
| operating_income =
| operating_income =
| net_income =
| net_income =
| assets =
| assets =
| equity =
| equity =
| owners = {{ubl|
| owner = [[NSW Electricity Networks]]
* {{nowrap|[[Caisse de depot et placement du Quebec]] (22.505%)}}
| num_employees =
* [[Tawreed Investments]] (19.99%)
| parent =
* [[OMERS]] (19.99%)
⚫
| divisions =
* [[Utilities Trust of Australia]] (22.505%)
⚫
| subsid =
* [[Spark Infrastructure]] (15.01%)}}
⚫
| homepage = {{URL|www.transgrid.com.au}}
| footnotes =
| num_employees =
| intl =
| parent =
⚫
| divisions =
⚫
| subsid =
⚫
| homepage = {{URL|www.transgrid.com.au}}
| footnotes =
| intl =
}}
}}
'''TransGrid''' is the manager and operator of the high voltage electricity transmission network in [[New South Wales]] and the [[Australian Capital Territory]], [[Australia]], and is part of the [[National Electricity Market]] (NEM). The company's offices are located in [[Canberra]] and [[Sydney]].<ref name=":0">{{Cite web|url=https://www.arnnet.com.au/article/647721/hcl-technologies-lands-five-year-deal-transgrid/|title=HCL Technologies lands five-year deal with TransGrid|website=ARN|access-date=2019-02-19}}</ref>
'''Transgrid''' is the manager and operator of the high voltage electricity transmission network in [[New South Wales]] and the [[Australian Capital Territory]], [[Australia]], and is part of the [[National Electricity Market]] (NEM). The company's offices are located in [[Sydney]], [[Newcastle, New South Wales|Newcastle]], [[Orange, New South Wales|Orange]], [[Tamworth, New South Wales|Tamworth]], [[Wagga]], and [[Yass, New South Wales|Yass]].<ref name=":0">{{Cite web|url=https://transgrid.com.au/Pages/contact.aspx|title=Contact Us|website=www.transgrid.com.au|access-date=2021-06-23}}</ref>


== History ==
== History ==
TransGrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a statutory authority under the ''Electricity Transmission Authority Act 1994'', as part of the break-up of the [[Electricity Commission of New South Wales]].<ref>{{cite web|work=NSW Treasury| title=TransGrid|url=http://www.treasury.nsw.gov.au/pubs/trp98_1/trangrid.htm| accessdate=23 September 2007 |archiveurl = https://web.archive.org/web/20070905051733/http://www.treasury.nsw.gov.au/pubs/trp98_1/trangrid.htm |archivedate = 5 September 2007}}</ref> The Authority was corporatised in December 1998, by the ''Energy Services Corporations Amendment (TransGrid Corporatisation) Act 1998'', and TransGrid became the actual name of the corporation.<ref>{{cite web|work=TransGrid| title=Publication Guide Dec 20, 2010|url=http://www.transgrid.com.au/aboutus/righttoinformation/Documents/Publication%2520Guide%2520December%25202010.pdf| accessdate=12 March 2012}}</ref>
Transgrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a [[statutory authority]] under the ''Electricity Transmission Authority Act 1994'', as part of the break-up of the [[Electricity Commission of New South Wales]].<ref>{{cite web|work=NSW Treasury| title=Transgrid|url=http://www.treasury.nsw.gov.au/pubs/trp98_1/trangrid.htm| access-date=23 September 2007 |archive-url = https://web.archive.org/web/20070905051733/http://www.treasury.nsw.gov.au/pubs/trp98_1/trangrid.htm |archive-date = 5 September 2007}}</ref> The Authority was corporatised in December 1998, by the ''Energy Services Corporations Amendment (Transgrid Corporatisation) Act 1998'', and Transgrid became the actual name of the corporation.<ref>{{cite web|work=Transgrid| title=Publication Guide Dec 20, 2010|url=http://www.transgrid.com.au/aboutus/righttoinformation/Documents/Publication%2520Guide%2520December%25202010.pdf| access-date=12 March 2012}}</ref>


In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of TransGrid's transmission network<ref>{{Cite web|title = Welcoming our new owners|url = https://www.transgrid.com.au/welcoming-our-new-owners|website = www.transgrid.com.au|access-date = 2016-01-12}}</ref> for $10.3 billion.<ref name="smh25112015">[http://www.smh.com.au/business/comment-and-analysis/102-billion-nsw-power-sale-a-good-deal-for-baird-20151125-gl80dr.html $10.3 billion NSW power sale a good deal for the Baird government]</ref> The consortium consists of: two Australian entities [[Spark Infrastructure]] (15%), the Hastings-managed Utilities Trust of Australia (20%), the Canadian pension fund [[Caisse de depot et placement du Quebec]] (25%), and two Middle Eastern sovereign wealth funds, the Abu Dhabi Investment Authority (20%) and the Kuwait Investment Authority (20%).<ref name="smh25112015" /> [[State Grid Corporation of China]] was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. The company's bid was cleared by the [[Foreign Investment Review Board]] but was eventually unsuccessful,<ref>[https://www.lowyinstitute.org/the-interpreter/state-grid-corporation-china-its-australian-engagement-and-military-links The State Grid Corporation of China: Its Australian engagement and military links]</ref> possibly because of its government and military connections.<ref name="smh25112015" />
In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of Transgrid's transmission network<ref>{{Cite web|title = Welcoming our new owners|url = https://www.transgrid.com.au/welcoming-our-new-owners|website = www.transgrid.com.au|access-date = 2016-01-12}}</ref> for $10.3 billion.<ref name="smh25112015">{{cite web|url=http://www.smh.com.au/business/comment-and-analysis/102-billion-nsw-power-sale-a-good-deal-for-baird-20151125-gl80dr.html|title=$10.3 billion NSW power sale a good deal for the Baird government|publisher=Sydney Morning Herald|date=25 November 2015}}</ref> The consortium consists of two Australian entities–[[Spark Infrastructure]] (15%), the [[Utilities Trust of Australia]] fund (20%)– together with the Canadian pension fund [[Caisse de depot et placement du Quebec]] (25%) and two Middle Eastern sovereign wealth funds–the [[Abu Dhabi Investment Authority]] (20%) and the [[Kuwait Investment Authority]] (20%).<ref name="smh25112015" /> [[State Grid Corporation of China]] was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. State Grid's bid was cleared by the [[Foreign Investment Review Board]] but was eventually unsuccessful,<ref>{{Cite web|url=https://www.lowyinstitute.org/the-interpreter/state-grid-corporation-china-its-australian-engagement-military-links|title=The State Grid Corporation of China: Its Australian engagement and military links &#124; Lowy Institute|website=www.lowyinstitute.org}}</ref> possibly because of its government and military connections.<ref name="smh25112015" />


In 2018, TransGrid was among 17 energy businesses that supported the launch of the ''Energy Charter'', a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy.<ref>{{Cite web|url=https://www.news.com.au/national/breaking-news/energy-sector-bands-together-for-customers/news-story/82f1771a5f58eda35864100227071b75|title=AGL, Energy Australia, Origin join charter to cut power prices|website=www.news.com.au|access-date=2019-02-19}}</ref>
In 2018, Transgrid was among 17 energy businesses that supported the launch of the ''Energy Charter'', a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy.<ref>{{Cite web|url=https://www.news.com.au/national/breaking-news/energy-sector-bands-together-for-customers/news-story/82f1771a5f58eda35864100227071b75|title=AGL, Energy Australia, Origin join charter to cut power prices|website=www.news.com.au|access-date=2019-02-19}}</ref>


In 2020, [[OMERS]] acquired a 19.99% stake in Transgrid from Wren House Infrastructure Management, which is part of the state-owned [[Kuwait Investment Authority]].<ref>{{Cite web|url=https://www.transgrid.com.au/news-views/news/2020/Pages/TransGrid-welcomes-Omers-to-its-ownership-group.aspx|title=Transgrid welcomes Omers to its ownership group |website=www.transgrid.com.au|access-date=2021-06-23}}</ref>
In October 2018, TransGrid signed a five-year managed services deal with [[HCL Technologies]] for IT services delivery and providing outsourcing support, with the outsourcing teams to be based in Australia.<ref name=":0" /> As part of this commitment, HCL Technologies will also create a TransGrid Academy for cultural alignment and incubation of talent pools.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/hcl-tech-bags-deal-from-australian-energy-major-transgrid/articleshow/66053618.cms|title=HCL Tech bags deal from Australian energy major TransGrid|date=2018-10-03|work=The Economic Times|access-date=2019-02-19}}</ref>


In February 2019 the company announced that Jason Conroy would be its new Chief Financial Officer (CFO) commencing on 4 March 2019.<ref name=":1">{{Cite web|url=https://utilitymagazine.com.au/transgrid-announces-new-chief-financial-officer/|title=TransGrid announces new Chief Financial Officer|date=2019-02-05|website=Utility Magazine|access-date=2019-02-19}}</ref>
As of 2022, the current owners<ref>{{Cite web | url=https://www.transgrid.com.au/media/dn5oq3j3/modern-slavery-statement.pdf | title=Modern Slavery Statement | date=2021-03-31 | website=www.transgrid.com.au}}</ref> are:
* UTA Power Networks Trust, of which [[Utilities Trust of Australia]] is the substantial majority unit holder (22.505%)
* [[Spark Infrastructure]] (15.01%)
* [[Tawreed Investments]] (19.99%)
* [[Caisse de depot et placement du Quebec]] (22.505%)
* [[OMERS]] (19.99%)


==Network==
==Network==
TransGrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the [[National Electricity Market]] (NEM). The network connects generators, distributors and major end users. TransGrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV.
Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the [[National Electricity Market]] (NEM). The network connects generators, distributors and major end users. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV.


TransGrid's network also connects to 20 direct connect customers, including the four distribution businesses: [[Endeavour Energy]], [[Ausgrid]], [[ActewAGL]], and [[Essential Energy]].
Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: [[Endeavour Energy]], [[Ausgrid]], [[ActewAGL|Evoenergy]], and [[Essential Energy]].


TransGrid participates in the [[Australian Energy Regulator]]'s (AER) revenue proposal process, where submissions of the transmission network service providers (TNSP), the AER and other interested parties are used to set the maximum allowable revenue (MAR) for the TNSPs for a five-year period.
Transgrid participates in the [[Australian Energy Regulator]]'s (AER) revenue proposal process, where submissions of the transmission network service providers (TNSP), the AER and other interested parties are used to set the maximum allowable revenue (MAR) for the TNSPs for a five-year period.


== TransGrid Telecommunications ==
== Transgrid Telecommunications ==
With more than 15 years’ experience TransGrid Telecommunications manages an extensive fibre optic network covering in excess of 4000&nbsp;km across NSW, the ACT and Victoria.
With more than 15 years’ experience Transgrid Telecommunications manages an extensive fibre optic network covering in excess of 4000&nbsp;km across NSW, the ACT and Victoria.


TransGrid's Telecommunications network is one of the largest optical fibre network in Australia, with the majority of the network's Optical Ground Wire (OPGW) strung above the electricity transmission network.<ref>{{Cite web|title = TransGrid Telecommunications|url = https://www.transgrid.com.au/telecommunications|website = www.transgrid.com.au|access-date = 2016-01-12}}</ref>
Transgrid's Telecommunications network is one of the largest optical fibre network in Australia, with the majority of the network's Optical Ground Wire (OPGW) strung above the electricity transmission network.<ref>{{Cite web|title = Transgrid Telecommunications|url = https://www.transgrid.com.au/telecommunications|website = www.transgrid.com.au|access-date = 2016-01-12}}</ref>


== Key Executives<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22655367|title=Company Overview of TransGrid|last=|first=|date=|website=|archive-url=|archive-date=|access-date=2019-02-20}}</ref> ==
== Key Executives<ref>{{Cite web|title=Leadership|url=https://www.transgrid.com.au/about-us/leadership|access-date=2021-11-05|website=Transgrid|language=en}}</ref> ==
Brett Redman – Chief Executive Officer<ref>{{Cite web|title=Brett Redman appointed as Transgrid Chief Executive Officer|url=https://www.transgrid.com.au/media-publications/news-articles/brett-redman-appointed-as-transgrid-chief-executive-officer|access-date=2021-11-05|website=Transgrid|language=en}}</ref>
⚫
Paul Italiano – Chief Executive Officer


⚫
Nadine Lennie – Chief Financial Officer
Tony Meehan – Executive Manager Policy & Corporate Affairs


Michael Gatt - Executive Manager Works Delivery
Brian Salter – Executive General Manager - Lumea (Acting)


Gerard Reiter – Executive Manager Network Planning & Operations
Craig Stallan - Executive Manager Works Delivery


Chris Pemberton – Executive Manager Corporate Services
Marie Jordan – Executive General of Manager - Network


Richard Lowe - Executive Manager Business Growth
Gordon Taylor – Executive General Manager - Major Projects


Peter Horton - Executive Manager Legal Governance & Risk
Maryanne Graham – Executive General Manager - Corporate & Stakeholder Affairs


Eva Hanly – Executive Manager of Strategy, Innovation & Technology
Jane Sherlock – Executive General Manager - People, Culture & Safety


Michael Drew – Executive General Manager - Legal, Governance & Risk
Jason Conroy – Chief Financial Officer<ref name=":1" />

<ref>{{Cite web|url=https://www.transgrid.com.au/about-us/leadership|title=Leadership - Meet Our Directors & Executive Team|website=Transgrid}}</ref>


==References==
==References==
{{Reflist}}
<references />


== External links ==
== External links ==
* {{official website|http://www.transgrid.com.au/}}
* {{Official website|https://www.transgrid.com.au/}}
* [https://tapr.transgrid.com.au Transgrid Network Map]
* [http://www.itnews.com.au/News/229720,icac-quizzes-suppliers-over-nsw-tenders.aspx ICAC quizzes suppliers over NSW tenders], Aug 24, 2010
* [http://www.itnews.com.au/News/229720,icac-quizzes-suppliers-over-nsw-tenders.aspx ICAC quizzes suppliers over NSW tenders], Aug 24, 2010
* [https://arena.gov.au/blog/nsw-new-england-renewable-energy-zone-work-begins Transgrid Begins Renewable Energy Zone work in NSW], Jul 17, 2020


{{EnergyNSW}}
{{EnergyNSW}}
{{Authority control}}


{{DEFAULTSORT:Transgrid}}
{{DEFAULTSORT:Transgrid}}
[[Category:Electric power transmission system operators in Australia]]
[[Category:Electric power transmission system operators in Australia]]
[[Category:Government-owned companies of New South Wales]]
[[Category:Former government-owned companies of New South Wales]]
[[Category:Companies based in Sydney]]
[[Category:Companies based in Sydney]]
[[Category:Caisse de dépôt et placement du Québec companies]]
[[Category:Caisse de dépôt et placement du Québec companies]]
[[Category:Sovereign wealth fund portfolio companies]]
[[Category:Government-owned energy companies]]
[[Category:OMERS companies]]

Latest revision as of 21:08, 25 October 2024

Transgrid
PredecessorElectricity Commission of New South Wales
Founded1 February 1995 (1995-02-01)
Headquarters
Sydney
,
Australia
Area served
New South Wales, Australian Capital Territory
ServicesElectric power transmission
Owners
Websitewww.transgrid.com.au

Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital Territory, Australia, and is part of the National Electricity Market (NEM). The company's offices are located in Sydney, Newcastle, Orange, Tamworth, Wagga, and Yass.[1]

History

[edit]

Transgrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a statutory authority under the Electricity Transmission Authority Act 1994, as part of the break-up of the Electricity Commission of New South Wales.[2] The Authority was corporatised in December 1998, by the Energy Services Corporations Amendment (Transgrid Corporatisation) Act 1998, and Transgrid became the actual name of the corporation.[3]

In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of Transgrid's transmission network[4] for $10.3 billion.[5] The consortium consists of two Australian entities–Spark Infrastructure (15%), the Utilities Trust of Australia fund (20%)– together with the Canadian pension fund Caisse de depot et placement du Quebec (25%) and two Middle Eastern sovereign wealth funds–the Abu Dhabi Investment Authority (20%) and the Kuwait Investment Authority (20%).[5] State Grid Corporation of China was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. State Grid's bid was cleared by the Foreign Investment Review Board but was eventually unsuccessful,[6] possibly because of its government and military connections.[5]

In 2018, Transgrid was among 17 energy businesses that supported the launch of the Energy Charter, a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy.[7]

In 2020, OMERS acquired a 19.99% stake in Transgrid from Wren House Infrastructure Management, which is part of the state-owned Kuwait Investment Authority.[8]

As of 2022, the current owners[9] are:

Network

[edit]

Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). The network connects generators, distributors and major end users. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV.

Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy.

Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers (TNSP), the AER and other interested parties are used to set the maximum allowable revenue (MAR) for the TNSPs for a five-year period.

Transgrid Telecommunications

[edit]

With more than 15 years’ experience Transgrid Telecommunications manages an extensive fibre optic network covering in excess of 4000 km across NSW, the ACT and Victoria.

Transgrid's Telecommunications network is one of the largest optical fibre network in Australia, with the majority of the network's Optical Ground Wire (OPGW) strung above the electricity transmission network.[10]

Key Executives[11]

[edit]

Brett Redman – Chief Executive Officer[12]

Nadine Lennie – Chief Financial Officer

Brian Salter – Executive General Manager - Lumea (Acting)

Craig Stallan - Executive Manager Works Delivery

Marie Jordan – Executive General of Manager - Network

Gordon Taylor – Executive General Manager - Major Projects

Maryanne Graham – Executive General Manager - Corporate & Stakeholder Affairs

Jane Sherlock – Executive General Manager - People, Culture & Safety

Michael Drew – Executive General Manager - Legal, Governance & Risk

[13]

References

[edit]
  1. ^ "Contact Us". www.transgrid.com.au. Retrieved 23 June 2021.
  2. ^ "Transgrid". NSW Treasury. Archived from the original on 5 September 2007. Retrieved 23 September 2007.
  3. ^ "Publication Guide Dec 20, 2010" (PDF). Transgrid. Retrieved 12 March 2012.
  4. ^ "Welcoming our new owners". www.transgrid.com.au. Retrieved 12 January 2016.
  5. ^ a b c "$10.3 billion NSW power sale a good deal for the Baird government". Sydney Morning Herald. 25 November 2015.
  6. ^ "The State Grid Corporation of China: Its Australian engagement and military links | Lowy Institute". www.lowyinstitute.org.
  7. ^ "AGL, Energy Australia, Origin join charter to cut power prices". www.news.com.au. Retrieved 19 February 2019.
  8. ^ "Transgrid welcomes Omers to its ownership group". www.transgrid.com.au. Retrieved 23 June 2021.
  9. ^ "Modern Slavery Statement" (PDF). www.transgrid.com.au. 31 March 2021.
  10. ^ "Transgrid Telecommunications". www.transgrid.com.au. Retrieved 12 January 2016.
  11. ^ "Leadership". Transgrid. Retrieved 5 November 2021.
  12. ^ "Brett Redman appointed as Transgrid Chief Executive Officer". Transgrid. Retrieved 5 November 2021.
  13. ^ "Leadership - Meet Our Directors & Executive Team". Transgrid.
[edit]
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