AGL Energy’s Limited (ASX:AGK) proposed bid for NSW power producer Macquarie Generation is under review by the ACCC.
The competition watchdog announced the informal reviews of the proposed deal on its website and called for comments from interested parties.
AGL and Queensland's ERM have been shortlisted to take part in the final round of the NSW government's privatisation process for MacGen, which produces more than one-quarter of the state's electricity.
China's Shenhua Energy is also understood to be on the list.
AGL, which already owns the Loy Yang A station in Victoria, is expected to be able to bid for just one of MacGen's two large power stations due to anti-trust issues.
AGL generated a net profit of $389 million in fiscal 2013.
AGK Price at posting:
$14.97 Sentiment: None Disclosure: Held
