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Corporation
ENERGY & UTILITIES
ausnetservices.com.au

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Partners & Customers

7

About AusNet Services

AusNet Services is a natural gas and electricity distributor in Australia.

AusNet Services Headquarter Location

Level 31 2 Southbank Blvd.

Southbank, Victoria, 3006,

Australia

1300 360 795

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Latest AusNet Services News

The APA (ASX:APA) share price has gone backwards in 2021 so far. What’s next?

Dec 2, 2021

Image source: Getty Images The APA Group (ASX: APA) share price has actually dropped in 2021 so far. What could happen next for the business? APA has been through a bit of volatility this year. The share price has been above $10 earlier in the year and as low as $8.20 at the end of October. APA shares have dropped by 3% this year, but the business has seen a strong recovery in the last few weeks. Since the end of October 2021, the APA share price has gone up more than 15%. Takeover attempt APA has been trying to buy the Australian energy infrastructure business Ausnet Services Ltd (ASX: AST) which is a large electricity transmission business. APA submitted a non-binding indicative offer for AusNet on 21 September 2021. Management of APA considers the AusNet business to be “highly attractive”. But, AusNet has decided to proceed with the bid from Brookfield. While APA said it has received strong support from investors in both AusNet and APA for its proposed acquisition, APA said it will continue to remain “financially disciplined”. Coincidence or not, the APA share price has risen since the date of that announcement. Basslink debt acquisition But APA isn’t giving up on making deals happen. A couple of weeks ago, the business announced it had bought an interest in the debt of the business that is the borrowing entity for Basslink Pty Ltd, which owns and operates the 370km high voltage direct current electricity interconnector between Victoria and Tasmania. Basslink is the only electricity interconnector between Tasmania and Mainland Australia. It provides two-way access to 500MW of electricity and is critical to the export of Tasmanian renewable energy to Australia’s mainland. Basslink Pty Ltd entered into voluntary administration and receivership on 12 November 2021. APA is interested in buying Basslink from the receivership and managers. The face value of the debt that APA acquired an interest in is approximately $99 million, which was bought at a discount and funded from APA’s existing debt facilities. The acquisition of the debt interest in Basslink provides APA with the opportunity to work with the receivers and managers to put Basslink on a sustainable footing. If APA is successful in acquiring Basslink, APA will work with Hydro Tasmania, the State of Tasmania, the Australian Energy Regulator and other key stakeholders to convert Basslink to a regulated asset. APA’s strategy is to expand its electricity transmission footprint and invest in renewable energy sources. Is the APA share price a buy? Morgans thinks that APA is a buy, with a price target of $9.98. The broker says that APA is benefiting from the fact that its contracts with customers are linked to CPI inflation, so this is helping the business more than the decline in demand because of more expensive gas prices. The broker thinks APA is going to pay a distribution of $0.55 per share in FY23, which translates to a forward yield of 5.8%. Should you invest $1,000 in APA right now? Before you consider APA, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and APA wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

AusNet Services Acquisitions

1 Acquisition

AusNet Services acquired 1 company. Their latest acquisition was Origin Energy - Mortlake Terminal Station on February 15, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/15/2016

$991

Acquired Unit

1

Date

2/15/2016

Investment Stage

Companies

Valuation

$991

Total Funding

Note

Acquired Unit

Sources

1

AusNet Services Partners & Customers

7 Partners and customers

AusNet Services has 7 strategic partners and customers. AusNet Services recently partnered with Opus One Solutions on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/17/2021

Vendor

Opus One Solutions

Canada

Opus One Solutions Selected by AusNet to Join Project EDGE in Piloting a Distributed Energy Resources Marketplace

Opus One Solutions GridOS was selected by AusNet Services to be deployed in this project to provide a reliable and secure system that could manage the operational and economic challenges of utilizing DER on the distribution grid through a competitive marketplace , while mitigating their impact on the grid .

3

8/19/2020

Partner

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10

2/19/2020

Partner

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10

6/5/2019

Partner

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10

1/25/2018

Client

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10

Date

8/17/2021

8/19/2020

2/19/2020

6/5/2019

1/25/2018

Type

Vendor

Partner

Partner

Partner

Client

Business Partner

Opus One Solutions

Country

Canada

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News Snippet

Opus One Solutions Selected by AusNet to Join Project EDGE in Piloting a Distributed Energy Resources Marketplace

Opus One Solutions GridOS was selected by AusNet Services to be deployed in this project to provide a reliable and secure system that could manage the operational and economic challenges of utilizing DER on the distribution grid through a competitive marketplace , while mitigating their impact on the grid .

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Sources

3

10

10

10

10

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