Natural Gas applies for network

The Commerce Commission says it last year cleared Natural Gas to buy electricity company TransAlta subject to an undertaking that AGL would divest the gas network, which covers Hutt Valley, Tawa and Porirua.

"The undertaking required the network to be sold to a party independent of AGL or to an associated company if this did not breach the Commerce Act."

The Commission says it must now decide whether selling the network to Natural Gas rather than an independent party would result in dominance being acquired or strengthened.

Natural Gas Corporation is 66% owned by Australian energy company Australian Gas Light.

A decision is expected by May 22.

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