Origin Energy news http://www.originenergy.com.au/news/feed/all.xml Origin Energy news en-us Wed, 22 Oct 2014 06:16:44 +1030 Contact Energy Limited 2014 NOM of Shareholders & Proxy Form http://www.originenergy.com.au/news/article/rss/all/1612 http://www.originenergy.com.au/news/article/rss/all/1612 Fri, 26 Sep 2014 01:26:18 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p><a target="_blank" href="http://www.originenergy.com.au/news/files/Contact_Energy_Limited_2014_NOM_of_Shareholders_and_Proxy_Form.pdf">Download the full report</a>.</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1612" alt="" /></p> Speculant-1 well successfully spudded http://www.originenergy.com.au/news/article/rss/all/1611 http://www.originenergy.com.au/news/article/rss/all/1611 Tue, 23 Sep 2014 00:23:01 GMT <table> <tbody> <tr> <td width="30%" valign="top" style="vertical-align:top!important;">Progress and Status:</td> <td><p>Origin Energy is pleased to announce that the Speculant-1 exploration well spudded at 04.00 hours EST on 23 September 2014. The well is being drilled using the rig Ensign 931.</p> <p>Origin will only advise the market again when well operations have been completed with a summary of results, or of any event that is material.</p></td> </tr> <tr> <td width="30%" valign="top" style="vertical-align:top!important;">Well type and location:</td> <td><p>The Speculant-1 well is situated approximately 3km off the Great Ocean Road in Nirranda South, about 30km south east of Warrnambool, Victoria. Extended reach drilling technology is being employed to access offshore gas reservoirs. Prognosed total measured depth of the well is approximately 3,800 metres.</p></td> </tr> </tbody> </table> <p><strong>For further information please contact:</strong> </p> <table border="0" cellspacing="4" cellpadding="0"> <tbody> <tr> <td><p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p></td> <td><p><strong>Investors</strong><br/> David Moon <br/> General Manager, Investor Relations<br/> Ph: <span class="phone">+Ph: +61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p></td> </tr> </tbody> </table> <div style="font-size: 80%"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au" target="_blank">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1611" alt="" /></p> Origin Energy Subordinated Notes - Interest Rate http://www.originenergy.com.au/news/article/rss/all/1609 http://www.originenergy.com.au/news/article/rss/all/1609 Mon, 22 Sep 2014 05:24:19 GMT <p>Origin Energy Limited (Origin) advises that the Interest Rate in respect of the Origin Energy Subordinated Notes (Notes) for the Interest Period commencing on 22 September 2014 and ending on 21 December 2014 is 6.66% per annum.</p> <p>The Interest Rate is calculated as the Bank Bill Rate on 22 September 2014 of 2.66% plus the Margin of 4.00%.</p> <p>The Interest Payment will be made on 22 December 2014, unless it is optionally or mandatorily deferred in accordance with the terms of the Notes.</p> <p>The table below outlines the key dates and the Interest Payment for the next Interest Period.</p> <table> <tbody> <tr> <td>Interest Payment Date </td> <td>Record Date </td> <td>Ex-Date </td> <td>No. of Days in Interest period </td> <td>Interest Rate </td> <td>Interest Payment per Note </td> </tr> <tr> <td>22 December 2014 </td> <td>12 December 2014 </td> <td>10 December 2014 </td> <td>91</td> <td>6.66% </td> <td>$1.66 </td> </tr> </tbody> </table> <p>Unless otherwise defined in this notice, capitalised terms used in this notice have the same meaning as defined in the Origin Energy Subordinated Notes Terms.</p> <p><strong>For further information please contact:</strong> </p> <table border="0" cellspacing="4" cellpadding="0"> <tbody> <tr> <td><p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p></td> <td><p><strong>Investors</strong><br/> David Moon <br/> General Manager, Investor Relations<br/> Ph: <span class="phone">+Ph: +61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p></td> </tr> </tbody> </table> <div style="font-size: 80%"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au" target="_blank">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1609" alt="" /></p> CEN Monthly Operational Data August 2014 http://www.originenergy.com.au/news/article/rss/all/1608 http://www.originenergy.com.au/news/article/rss/all/1608 Fri, 19 Sep 2014 01:22:04 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p><a href="http://www.originenergy.com.au/news/files/1365264.pdf" target="_blank" class="link_pdf gact gact-download">Download full report<span class="link_pdf">&nbsp;</span><span class="link_pdf">&nbsp;</span></a> (187KB)</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1608" alt="" /></p> Origin successfully prices 1 billion hybrid capital securities with 50% equity credit from S&P and Moody's http://www.originenergy.com.au/news/article/rss/all/1603 http://www.originenergy.com.au/news/article/rss/all/1603 Tue, 09 Sep 2014 01:25:56 GMT <p>Origin Energy Limited ("Origin") today announced the successful pricing and allocation of a &euro;1 billion hybrid capital issuance with the proceeds subsequently swapped into approximately $1.4 billion Australian dollars.</p> <p>Origin expects that the hybrid will be awarded 50 per cent equity credit for ratings purposes from Standard &amp; Poor's and Moody's, thereby supporting Origin's current credit ratings.</p> <p>Origin Executive Director, Finance and Strategy, Ms Karen Moses said, &ldquo;Historically, Origin has enjoyed a strong level of support from investors across debt, hybrid and equity markets. This is demonstrated by the successful issue of &euro;800 million and US$800 million senior unsecured notes in October 2013, together with the successful pricing of this &euro;1 billion hybrid.</p> <p>&ldquo;The issuance of these hybrid securities will complete Origin's financing associated with the acquisition of interests in two exploration permits located in Western Australia's prospective Browse Basin. Additional funds raised will be used for general corporate purposes,&rdquo; Ms Moses said.</p> <p>The hybrid is Euro-denominated and has been hedged into Australian dollars, is subordinated, matures after 60 years and can be redeemed by Origin at years 5 and 10 or on any interest payment date thereafter. The hybrid pays fixed semi-annual interest at a rate of 4.00 per cent per annum for the first 5 years and thereafter at reset rates in accordance with the terms and conditions (refer to Annexure A for a summary of key terms). After hedging to Australian dollars, the cost to Origin will be 7.91 per cent per annum for the first 5 years. The hybrid instrument is treated as debt for accounting and taxation purposes. The hybrid terms do not include any rights to convert into Origin ordinary shares.</p> <p>The settlement of the offering is expected to occur in mid-September 2014 and is subject to customary conditions.</p> <p>UBS Limited acted as structuring advisor on the hybrid capital raising and Barclays Bank PLC, Goldman Sachs International and UBS Limited were Joint Lead Managers.</p> <p>For further information please contact:</p> <div class="row"> <div class="large-6 column"> <p><strong>Media</strong><br /> Stephen Ellaway<br /> Senior External Affairs Manager<br /> Ph: +61 2 9375 5834<br /> Mobile: +61 417 851 287</p> </div> <div class="large-6 column"> <p><strong>Investors</strong><br /> Peter Rice<br /> General Manager, Capital Markets<br /> Ph: +61 2 8345 5308<br /> Mobile: +61 417 230 306</p> </div> </div> <br /> <br /> <div class="terms"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has one of the country's largest and most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au">www.originenergy.com.au</a></p> </div> <br /> <br /> <p>This announcement (including Annexure A) is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the &ldquo;Prospectus Directive&rdquo;) and/or Part VI of the Financial Services and Markets Act 2000 (&ldquo;FSMA&rdquo;) or Chapter 6D of the Australian Corporations Act 2001 (Corporations Act). A European prospectus will be prepared and made available in accordance with the Prospectus Directive. Eligible investors should not subscribe for the hybrid capital securities to be issued by origin Energy Finance Limited referred to in this document (&ldquo;Capital Securities&rdquo;) except on the basis of information contained in the European prospectus. The European prospectus, when published, will be available on the website of the Luxembourg Stock Exchange. This announcement does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of the Capital Securities nor is it intended to be an inducement to engage in investment activity for any purpose, including Section 21 of the FSMA.</p> <p>The European prospectus has not been, and will not be, lodged with the Australian Securities and Investments Commission and is not, and does not purport to be, a document containing disclosure to investors for the purposes of Part 6D.2 or Part 7.9 of the Corporations Act. Any offer of Capital Securities by the Issuer in Australia will only be made to persons who are not retail clients within the meaning of section 761G of the Corporations Act and who are also sophisticated investors, professional investors or other investors in respect of whom disclosure is not required under Part 6D.2 or 7.9 of the Corporations Act.</p> <p>The offering is addressed to, and directed in member states of the European Economic Area which have implemented the Prospectus Directive at, persons who are &ldquo;qualified investors&rdquo; within the meaning of Article 2(1)(e) of the Prospectus Directive (&ldquo;qualified investors&rdquo;). In addition, in the United Kingdom, the offering is directed only at qualified investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the &ldquo;Order&rdquo;) and qualified investors falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as &ldquo;relevant persons&rdquo;), and (ii) to whom it may otherwise lawfully be communicated under the Order. This announcement must not be acted on or relied on by persons who are not relevant persons in the United Kingdom or qualified investors as the case may be. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons or qualified investors as the case may be.</p> <p>Each of Origin, Origin Energy Finance Limited, the Joint Lead Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.</p> <p>The Capital Securities have not been and will not be registered under the U.S. Securities Act of 1933 (the &ldquo;Securities Act&rdquo;). Accordingly, the Capital Securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.</p> <br /> <br /> <h3>Annexure A &ndash; Summary of key terms and conditions</h3> <table width="100%" border="0" cellpadding="0" cellspacing="0"> <tr> <td valign="top" width="30%">Issuer</td> <td valign="top" width="70%">Origin Energy Finance Limited</td> </tr> <tr> <td valign="top">Guarantor</td> <td valign="top">Origin Energy Limited</td> </tr> <tr> <td valign="top">S&amp;P equity credit</td> <td valign="top">Intermediate (50%)</td> </tr> <tr> <td valign="top">Moody's equity credit</td> <td valign="top">Basket C (50%)</td> </tr> <tr> <td valign="top">Offering type</td> <td valign="top">Reg S</td> </tr> <tr> <td valign="top">Currency</td> <td valign="top">EUR</td> </tr> <tr> <td valign="top">Issue size</td> <td valign="top">EUR 1 billion</td> </tr> <tr> <td valign="top">Guarantor credit ratings</td> <td valign="top">BBB (Negative) / Baa2 (Stable)</td> </tr> <tr> <td valign="top">Nature of instrument</td> <td valign="top">Subordinated notes</td> </tr> <tr> <td valign="top">Ranking</td> <td valign="top">Subordinated, ranking only in priority to ordinary shares, and ranking equally with the existing &euro;500 million and A$900 million hybrid securities</td> </tr> <tr> <td valign="top">Settlement date</td> <td valign="top">16 September 2014, subject to customary closing conditions</td> </tr> <tr> <td valign="top">Maturity date</td> <td valign="top">16 September 2074 (Year 60)</td> </tr> <tr> <td valign="top">Call dates</td> <td valign="top">Years 5 and 10 and any interest payment date thereafter, and following certain defined events occurring</td> </tr> <tr> <td valign="top">Interest</td> <td valign="top">Fixed semi-annual interest at 4.00% p.a. until the first call date in Year 5 <p>Reset fixed rate interest thereafter in accordance with the terms and conditions, including interest rate step-ups as follows:</p> <ul> <li>Year 10: 0.25% p.a.</li> <li>Year 25: 1.00% p.a. (cumulative)</li> </ul></td> </tr> <tr> <td valign="top">Optional interest deferral</td> <td valign="top">Yes, subject to a dividend stopper</td> </tr> <tr> <td valign="top">Accumulation</td> <td valign="top">Any deferred interest is cash cumulative on a compounding basis and must be paid in the event any discretionary dividends or distributions on ordinary equity or parity obligations are paid</td> </tr> <tr> <td valign="top">Change of Control</td> <td valign="top">Origin has the right to redeem at par plus accrued interest and any deferred and outstanding interest at any time following a change of control of Origin if, consequent on the change of control, Origin's credit rating is downgraded by S&amp;P or Moody's and the lowered credit rating is below BBB and/or Baa2. If Origin does not redeem following a change of control, the interest rate on the Capital Securities increases by 5% p.a.</td> </tr> <tr> <td valign="top">Listing </td> <td valign="top">Luxembourg Stock Exchange</td> </tr> </table><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1603" alt="" /></p> Origin Energy International Roadshow Presentation http://www.originenergy.com.au/news/article/rss/all/1602 http://www.originenergy.com.au/news/article/rss/all/1602 Mon, 08 Sep 2014 04:35:04 GMT <p><a href="http://www.originenergy.com.au/news/files/international_roadshow_presentation_2014.pdf" class="link_pdf">Download the presentation</a> (1.8MB)</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1602" alt="" /></p> Contact Energy Annual General Meeting 2014 http://www.originenergy.com.au/news/article/rss/all/1613 http://www.originenergy.com.au/news/article/rss/all/1613 Tue, 14 Oct 2014 05:32:23 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p><a href="http://www.originenergy.com.au/news/files/1373114.pdf">Download the full report</a>.</p> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1613" alt="" /></p> Powering greater energy choice in the ACT http://www.originenergy.com.au/news/article/rss/all/1610 http://www.originenergy.com.au/news/article/rss/all/1610 Mon, 22 Sep 2014 23:21:52 GMT <p>Canberrans have greater energy choices from today with Origin - Australia&rsquo;s largest integrated energy company - now selling gas and electricity to ACT homes and small businesses.</p> <p>Until now, the ACT has had only two energy retailers to choose from - while customers in other states have enjoyed the benefits of much greater competition. Victoria has 16 active electricity retailers, South Australia 13, New South Wales 12 and South East Queensland 10.<a href="#_ftn1" title=""><sup>1</sup></a></p> <p>&ldquo;The majority of gas customers in ACT and almost half of electricity customers surveyed do not even know they have a choice of energy retailer,&rdquo; says Frank Calabria, Chief Executive Officer, Energy Markets, Origin.<a href="#_ftn2"><sup>2</sup></a></p> <p>&ldquo;By opening our gas and electricity business for customers in the ACT, Origin will provide locals with many benefits that they have been asking for.&rdquo;</p> <p>A survey conducted by Nature Reserach highlighted a number of things that customers expect from their energy retailer, with seventy-one per cent of respondents believing that it is important to have a range of energy retailers to choose from.<a href="#_ftn3"><sup>3</sup></a></p> <h2>No more exit fees for households</h2> <p>Earlier this year, Origin became the first major energy retailer to abolish exit fees from all of its home energy plans - something that ninety-three per cent of ACT survey respondents said was important to them.<a href="#_ftn4"><sup>4</sup></a></p> <h2>Open longer</h2> <p>Reflecting the needs of three quarters of ACT residents surveyed, Origin&rsquo;s Australian based call centre is open from 7am - 9pm Monday to Friday meaning that locals can contact Origin when it is more convenient for them.<a href="#_ftn5"><sup>5</sup></a></p> <h2>Flexible payment </h2> <p>Three quarters of ACT residents surveyed want their energy retailer to provide flexible bill payment options. <a href="#_ftn6"><sup>6</sup></a> Origin customers have the choice of being able to pay their bills in weekly, fortnightly or monthly instalments. <strong><u></u></strong></p> <h2>Helping customers save</h2> <p>Ninety-five per cent of ACT residents surveyed want the discounts on their energy plan to be easy to access.<a href="#_ftn7"><sup>7</sup></a> ACT customers who sign-up to Origin&rsquo;s eSaver plan online can receive up to 14% off Origin&rsquo;s electricity usage charges and 8% off Origin&rsquo;s natural gas charges for 12 months if they pay their bills on time and receive their bills via email. </p> <p>Customers who choose to pay their bills by direct debit can get a further 1% off Origin&rsquo;s usage charges, plus a $50 credit towards their natural gas charges (after 3 months) if they sign up to both fuels by 31 October 2014.<a href="#_ftn8"><sup>8</sup></a></p> <p>&ldquo;Simply by shopping around, customers can save money,&rdquo; added Mr Calabria. &ldquo;A recent competition review from the Australian Energy Market Commission showed that some ACT customers could save at least $230 a year if they changed retailers in 2012-13 depending on the plan they were on and the plan they switched to.&rdquo;</p> <p>Origin is also the nation&rsquo;s largest green energy retailer, providing Canberra residents with a choice of green energy options from as little as $1 extra per week.</p> <p>For more information about Origin&rsquo;s arrival in ACT and the benefits of choosing Origin, customers should visit <a href="http://www.originenergy.com.au/ACT" target="_blank">www.originenergy.com.au/ACT</a>. </p> <p>To compare offers between retailers, customers are encouraged to visit the Australian Energy Regulator&rsquo;s independent website <a href="http://www.energymadeeasy.gov.au/" target="_blank">http://www.energymadeeasy.gov.au/</a></p> <div style="font-size: 80%; padding: 20px 0px 30px 35px;"> <ol> <li><a name="_ftn1"></a><em>Australian Energy Market Commission, 2014 Retail Competition Review, Final Report, 22 August 2014, Sydney</em></li> <li><a name="_ftn2"></a><em>Australian Energy Market Commission, 2014 Retail Competition Review, Final Report, 22 August 2014, Sydney</em></li> <li><a name="_ftn3"></a><em>Survey of 1143 Australian residents including 125 in ACT, conducted by Nature, 28 August - 1 September 2014</em></li> <li><a name="_ftn4"></a><em> As above</em></li> <li><a name="_ftn5"></a><em> As above</em></li> <li><a name="_ftn6"></a><em>Research conducted by Nature, 28 August - 1 September 2014. Sample of 125 ACT residents</em></li> <li><a name="_ftn7"></a><em>Research conducted by Nature, 28 August - 1 September 2014. Sample of 125 ACT residents</em></li> <li><a name="_ftn8"></a><em>These offers aren&rsquo;t available everywhere. Discounts don&rsquo;t apply to any other charges such as GreenPower, Green Gas or supply charges, and the pay on time discount isn&rsquo;t available to Power On customers who aren&rsquo;t using direct debit. 2. You&rsquo;ll continue to receive your bills via email after the energy plan period unless you change your preference to post. 3. For more information on the above or to see our direct debit terms, visit originenergy.com.au/ ACTenergy. A $50 (incl. GST) credit towards your natural gas charges will be applied to your bill after 3 months of energy supply, if you switch both your natural gas and electricity to Origin by 31 October 2014.</em> </li> </ol> </div> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tbody> <tr> <td><p><strong>Media</strong><br/> Stuart Osbourne<br/> External Affairs<br/> Ph: <span class="phone">+61 3 9652 5781</span><br/> Mobile: <span class="phone">+61 427 586 401</span></p></td> </tr> </tbody> </table> <div style="font-size: 80%"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au" target="_blank">www.originenergy.com.au</a></p> </div> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1610" alt="" /></p> Dividend reinvestment plan (DRP) price of shares http://www.originenergy.com.au/news/article/rss/all/1607 http://www.originenergy.com.au/news/article/rss/all/1607 Tue, 16 Sep 2014 06:08:12 GMT <p>On 21 August 2014 Origin announced that a final unfranked dividend of 25 cents per share would be paid on 26 September 2014 to shareholders on record at 28 August 2014.</p> <p>It was also announced that the DRP would be in operation for this dividend without discount and the DRP Price of Shares would be calculated as the arithmetic average of the daily volume weighted average market price during a period of 10 trading days commencing on the third trading day immediately following the Record Date.</p> <p>This notification is to advise that the DRP Price of Shares is $15.65.</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1607" alt="" /></p> CEN - Shareholder Letter & Annual Report 2014 http://www.originenergy.com.au/news/article/rss/all/1606 http://www.originenergy.com.au/news/article/rss/all/1606 Mon, 15 Sep 2014 06:11:35 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p><a href="http://www.originenergy.com.au/news/files/CEN_-_Shareholder_Letter_Annual_Report_2014.pdf" target="_blank" >Download the full report</a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1606" alt="" /></p> Financial assistance disclosure http://www.originenergy.com.au/news/article/rss/all/1605 http://www.originenergy.com.au/news/article/rss/all/1605 Mon, 15 Sep 2014 06:06:00 GMT <table width="100%" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td bgcolor="#F2F2F2"> <blockquote>Under sections 78(5) and 79 of the Companies Act 1993, Contact Energy Limited ("Contact" or the "Company") is required to make the following disclosure to all shareholders in respect of financial assistance to be provided by Contact in respect of an invitation to employees of Contact to participate in Contact's employee share ownership plan, "Contact Share".</blockquote></td> </tr> </tbody> </table> <p>Contact established Contact Share by trust deed dated 12 September 2013 to enable employees to acquire ordinary shares in the Company. Contact Share has been approved by Inland Revenue as a share purchase scheme for the purposes of the Income Tax Act 2007. Under Contact Share, the trustee (Contact Energy Trustee Company Limited) will purchase $1,000 of shares per participating employee on-market. Employees will contribute $0.01 per share towards the cost of the shares. If any participating employee so requests, Contact will provide an interest free loan to the participant to fund that participant's share of the acquisition cost. Any such loan will be for a term of three to five years. </p> <p>Under the trust deed Contact has agreed to meet all of the trustee's costs associated with Contact Share. The payment of such costs to the trustee and the provision of loans constitute the giving of financial assistance for the purpose of, or in connection with, the purchase of shares issued by the Company under section 76 of the Companies Act 1993. </p> <p>The total amount of financial assistance to be provided in the 2015 financial year is approximately $838,000 (including general operating costs of the trustee). </p> <h2>Board Resolution </h2> <p>The full text of the Contact Board resolution of 15 August 2014 approving the financial assistance is set out below: </p> <p>1. The Company should provide financial assistance to employees participating in the employee share ownership plan, "Contact Share". The financial assistance will take the form of: </p> <blockquote> <p>(a) &nbsp;payment of money to the trustee of the Contact Share Trust to enable the trustee to acquire shares of the Company on trust for such participants; </p> <p>(b) &nbsp;possibly, interest free loans to Contact Share participants of an amount equal to the amount payable by that participant in respect of the shares offered to that participant; and </p> <p>(c) &nbsp;payment of the operating costs of Contact Share. </p> </blockquote> <p>2. Giving the financial assistance is in the best interests of the Company and is of benefit to those shareholders not receiving the assistance. </p> <p>3. The terms and conditions under which the financial assistance is to be given are fair and reasonable to the Company and those shareholders not receiving the assistance. </p> <p>4. The Company will, immediately after giving the financial assistance, satisfy the solvency test as defined in sections 4 and 77 of the Companies Act 1993. </p> <p>5. The reasons for the directors' conclusions are: </p> <blockquote><p>(a) giving the assistance is in the best interests of the Company, and is of benefit to those shareholders not receiving the financial assistance, because it increases the alignment of the interests of employees with the interests of the Company and, therefore, creates incentives for the participating employees to strive to ensure that the Company performs for the benefit of all its shareholders; </p> <p>(b) the terms and conditions are fair and reasonable to the Company and to those shareholders not receiving the assistance because the costs of providing the financial assistance are relatively small and are outweighed by the benefit of the alignment of interests that is achieved under Contact Share, and the terms of any loans made under Contact Share are those stipulated by the Income Tax Act 2007; </p> <p>(c) employee share ownership plans are considered to be normal practice in New Zealand, with many organisations providing share ownership plans to their employees to give their employees greater interest in the overall performance of the organisation; and </p> <p>(d) immediately after giving the assistance, the Company will be able to pay its debts as they become due in the normal course of business and the value of the Company's assets will be greater than the value of its liabilities including contingent liabilities. </p></blockquote> <p>6. In accordance with section 78(5) of the Companies Act 1993, the Company send to each shareholder of the Company a disclosure document complying with section 79 of the Companies Act 1993 before providing the financial assistance. </p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1605" alt="" /></p> Origin works with Cape York Rangers to locate rare Jardine River Painted Turtle http://www.originenergy.com.au/news/article/rss/all/1601 http://www.originenergy.com.au/news/article/rss/all/1601 Fri, 29 Aug 2014 03:08:35 GMT