Origin Energy

Origin Energy was formed 18 February 2000, as a result of a demerger of the Australian conglomerate, Boral Limited, which saw the energy business formed as a new company, separate from the building and construction materials business. SAGASCO became part of Origin Energy as part of the demerger.Between 2001 and 2002, Origin acquired a Victorian electricity retailer licence from distributors Powercor and CitiPower. In 2004, the SEAGas pipeline was completed, linking the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field and Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy. Origin sold its 53% shareholding in Contact Energy to the market in 2015.On 27 November 2006, the Government of Queensland announced the sale of Sun Retail, the former retailing arm of Energex to Origin for $1.202 billion.On 15 December 2010, Origin Energy announced that it would purchase the retail divisions of Country Energy and Integral Energy from the Government of New South Wales, at a total cost of A$3.25 billion, as well as entering a GenTrader agreement with Eraring Energy . The transaction was completed on 1 March 2011.In August 2022 the company announced a goal for net-zero direct and indirect emissions by 2050. In November 2022, Origin received a takeover offer from a Brookfield Asset Management led consortium for A$18 billion.