EnergyAustralia (formerly TRUenergy) is an electricity generation, electricity and gas retailing private company in Australia, a wholly owned subsidiary of the Hong Kong-based and listed China Light and Power (CLP Group). EnergyAustralia also had a portfolio of generating sites using thermal coal, natural gas, hydro-electric, solar energy, and wind power. The company was founded in 1995 and its headquarters are located in Melbourne, Victoria. In 2005, TXU Corp sold all its Australian assets to Singapore Power, which retained the distribution businesses (electricity and natural gas distribution networks) in Victoria, and onsold the retail and generation businesses to the Hong Kong-based CLP Group, which also owned the Yallourn Power Station, in Victoria's Latrobe Valley. In Australia, CLP traded as TRUenergy, and became the fifth largest energy retailer in Australia. In 2011, TRUenergy acquired from the New South Wales Government the state's electricity retail business and trade name of EnergyAustralia. Following the sale of the government's electricity retail assets, the government changed the name of the remainder of the government enterprise to Ausgrid, and in 2012 TRUenergy changed its name to EnergyAustralia. More information...
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