SP AusNet will now be known as AusNet Services, following the termination of an agreement with former majority securityholder, Singapore Power.
AusNet Services’ Managing Director, Nino Ficca, said: “The name AusNet Services emphasises our strong position as a major Australian energy infrastructure company with a distinct future focus to service our customers better, Mr Ficca said.
AusNet Services is Victoria’s largest energy networks business, owning and operating approximately $11 billion of electricity and gas distribution assets, including Victoria’s electricity transmission network.
AusNet Services also owns an electricity distribution network that distributes electricity to 668,000 homes and businesses in Melbourne’s north east and across eastern Victoria and a gas distribution network that supplies natural gas to more than 633,000 properties in western Victoria.
Based in Melbourne, AusNet Services employs more than 2,200 people in regional and metropolitan Victoria, including its Select Solutions and Geomatic Technologies businesses.