Origin Energy Limited (Origin) notes the decision by Standard & Poor’s Global Ratings (S&P) today to upgrade its long-term senior unsecured credit rating for Origin Energy Limited to BBB (stable) from BBB- (positive).
Origin Energy Limited (Origin) notes the decision by Moody’s Investor Services (Moody’s) today to upgrade its long-term senior unsecured credit rating for Origin Energy Limited to Baa2 (stable) from Baa3 (positive).
The Eraring ash dam was assessed for its ability to withstand a 1 in 1000 earthquake (approximately equivalent to 5.7 on the Richter scale), which is a requirement of the guidelines developed by the Dam Safety Committee under the Dam Safety Act 1978. While the likelihood of an earthquake of this scale is low, the consequence would be significant.
As part of our ongoing maintenance and monitoring of the Eraring ash dam, late last year Origin commissioned an engineering review of the facility. This review found that while the dam is stable, this could be affected in the event of a major earthquake.
Origin Energy Limited (Origin) notes that on 8 March 2019, the Victorian Essential Services Commission released its draft advice for the Victorian Default Offer (VDO) for customers on standing offers.
Origin has signed an agreement with GB Energy to purchase all natural gas produced from GB Energy’s Golden Beach field, in the offshore Gippsland Basin. Origin has also entered into a foundation storage contract if GB Energy transitions the reservoir into an underground storage facility after production.
Origin Energy Limited (Origin) has entered into an agreement to sell its Ironbark project to Australia Pacific LNG for $231 million.
Origin has entered into an agreement to acquire OC Energy, expanding its centralised energy services business.
Origin Energy Limited (Origin) Chairman, Mr Gordon Cairns, today announced Mr Greg Lalicker has agreed to join the Origin board as an independent Non-executive Director, with effect from 1 March 2019.
Origin Energy chief executive officer Frank Calabria's opening statement to the Senate economics committee on the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 2018