ACCC grants interim authorisation to CPM and CS Energy to commence joint negotiation for the purchase of coal.

0 Comments | M2 Presswire, September, 2006

M2 PRESSWIRE-14 September 2006-ACCC: ACCC grants interim authorisation to CPM and CS Energy to commence joint negotiation for the purchase of coal(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:14092006 The Australian Competition and Consumer Commission has granted interim* authorisation to Callide Power Management Pty Limited and CS Energy Limited to begin joint negotiations for a price review with Anglo Coal, ACCC Chairman, Mr Graeme Samuel, announced today.

CS Energy is the owner of the Callide B power station, while CPM and CS Energy are 50/50 joint venture partners in the Callide C power station. Anglo Coal is the owner of the Callide coal mine. In August 2006, the ACCC received an application for authorisation from CS Energy and CPM to jointly negotiate...