Origin to acquire Eraring Energy and enter into new fuel supply arrangements (Origin Energy Limited)

(Source: Origin Energy Limited) 1 July 2013 Origin to acquire Eraring Energy and enter into new fuel supply arrangements Origin Energy Limited (Origin) today announced it had executed a Sale and Purchase Agreement with the NSW Government to acquire Eraring Energy for a net payment of $50 million[] and agreed the terms for cancellation of the Cobbora Coal Supply Agreement including a payment to Origin of $300 million. In a related transaction, Origin today announced it had entered into a coal supply agreement with Centennial Coal for the provision of 24.5 million[2] tonnes of coal over an eight-year period from FY 2015 for use at Eraring Power Station. On 1 March 2011, Origin entered into...