ERM Power (EPW)

Shares / Stock Code

EPW

Stock Exchange / Sharemarket

ax

ERM Power (EPW) is one of the leading electricity suppliers to the business customer market in Queensland and a growing presence in other States. It was listed on the Australian Stock Market (ASX) on 10 December, 2010. ERM Power develops, has ownership interests in, and operates low emission gas-fired power stations, sells electricity to the larger end of the business customer market, and has a small but complementary gas business focused on procurement of long term gas supplies.

ERM Power’s business was founded as a specialist Australian energy advisory firm in 1980, transitioned to a generation developer in the mid 1990s and has evolved to become one of Australia’s largest private integrated energy companies. ERM Power develops, has ownership interests in, and operates low emission gas-fired power stations, sells electricity to the larger end of the business customer market, and has a small but complementary gas business focused on procurement of long term gas supplies.

ERM Power aspires to be the electricity supplier of choice to Australia’s larger business customers through a differentiated service offering tailored to the specific needs of the customer. ERM Power is also pursuing a strategy of continuing to capitalise on generation development opportunities and exploiting greater vertical integration to support electricity sales. ERM Power has four key business units – ERM Sales, ERM Generation Assets, ERM Generation Development and Operations and ERM Gas.

ERM Power has an ownership interest in two low emission gas-fired peaking power stations strategically located close to energy resources and infrastructure and forecast high electricity demand growth regions. These power stations are fully contracted through long term off-take contracts, have long term non-recourse project debt facilities in place and are expected to have a signifi cant useful operating life after current off-take arrangements end.