PROJECTS
Valuing Contact Energy for an Investor, New Zealand
The problem
Edison Mission Energy was selling its controlling stake in Contact Energy, a stock-exchange listed hydro-generation, electricity retail and gas supply business in New Zealand. Our client, an Australian energy business, was bidding on the stake, and needed market information to value Contact Energy.
How we helped
Castalia provided supply and demand forecasts, wholesale and retail price paths for electricity and gas, and CPI forecasts. We advised on the regulatory outlook and key risks for the electricity sector. We modelled likely revenues under different scenarios for regulation and other business risks.
Impact
Our client used our advice to bid for the shares, but was outbid by Origin Energy, which acquired the majority shareholding in Contact Energy in July 2004 for US$1.0 billion.
The client
A listed Australian energy company
Our team
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 84 60 02 00
64-66 Rue des Archives
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.