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United Energy partners with ARENA to drive electricity network innovation
United Energy has been awarded $450,000 in Australian Renewable Energy Agency funding to test the ability of solar and storage technology to defer or eliminate the requirement for traditional network augmentation. The $1.234 million project will see the deployment of... read moreVictorian partnership wins State Government bushfire safety grant
United Energy has partnered with Swinburne University of Technology, Swedish-based Amokabel and Bendigo-based company, Groundline Engineering in a Victorian Government-funded trial of a new covered conductor on the Mornington Peninsula. The trial will see the... read moreUnited Energy obtains $250m debt facility
United Energy has reached contract close on a new $250m five year bank debt facility. The primary purpose of the facility is to fund growth of the network in some areas to meet customer demand. United Energy Chief Executive Officer, Tony Narvaez said “the transaction... read moreUnited Energy prices $350 million bonds
United Energy (UE) has priced $350 million of 7-year senior unsecured notes in the Australian domestic bond market. The transaction completes UE’s refinancing task for the $265 million A$ Medium Term Note due in April 2017 and contributes toward refinancing part of... read moreUE partners with Greensync for landmark asset deferral project
United Energy has entered into a partnership with a global energy technology company for a landmark demand response and energy storage project on the Mornington Peninsula. The project will defer the need for capital investment on the lower Mornington Peninsula by... read moreUE to appeal AER final determination
United Energy (UE) has lodged a merits appeal relating to the Australian Energy Regulator’s (AER) final decision on UE’s 2016-2020 Electricity Distribution Pricing Review (EDPR) proposal. The first matter is the AER decision on the valuation of taxation credits... read moreAER’s final determination on United Energy’s 2016-2020 regulatory proposal
United Energy notes the Australian Energy Regulator’s (AER) final determination on its 2016-20 regulatory proposal. The AER’s final determination will see a 14% increase in total allowable revenue compared to its draft decision. Despite increases in the cost of... read moreUnited Energy completes $855 million bank debt facility amendment and extension
United Energy confirms contract close of an $855 million bank debt facility amendment and maturity extension transaction.
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