APA Group (AU:APA) has released an update.
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APA Group announced that the Australian Energy Regulator (AER) has issued a draft decision against converting Basslink into a regulated Transmission Network Service Provider. Despite the potential $1.6 billion economic benefit highlighted by consumer benefit modeling, APA plans to trade Basslink as a non-contracted Market Network Service Provider if the decision is finalized. This move aligns with APA’s strategy to maximize asset value once the Hydro Tasmania contract ends in June 2025.
For further insights into AU:APA stock, check out TipRanks’ Stock Analysis page.
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