Ausgrid
Ausgrid is the largest electricity distribution company on Australia's east coast, owning, maintaining, and operating the electrical network that delivers power to 1.8 million customers—serving over 4 million people—across Greater Sydney, the Central Coast, and the Hunter regions of New South Wales.[1][2]
With roots tracing back to Sydney's inaugural electricity supply in 1904, Ausgrid was established in 2011 through the restructuring of the state-owned EnergyAustralia's distribution assets, encompassing a 22,275-square-kilometre network of poles, wires, and substations developed over more than a century.[3][1]
Ownership is divided, with the New South Wales Government retaining 49.6% via the Electricity Retained Interest Corporation, while a 50.4% stake was leased for 99 years in 2016 to a consortium of Australian superannuation funds—AustralianSuper, IFM Investors, and APG Asset Management—for A$16.2 billion, following the blockage of an initial bid by a Chinese state-owned enterprise on national security grounds.[1][4][5] Ausgrid has prioritized network reliability and adaptation to distributed energy resources, though it has faced scrutiny over costs recovered from customers for certain initiatives and isolated instances of internal corruption allegations.[6][7][8]