Ergon and Energex merger passed

Energex and Ergon will become a $24 billion company called Energy Queensland after State Parliament passed laws last night allowing them to merge.

The new company will be based in Townsville.

The laws were passed Wednesday night, with Katter’s Australian Party MPs Shane Knuth and Robbie Katter and Cook independent Billy Gordon siding with the Government.

Energy Minister Mark Bailey said Energy Queensland would deliver greater efficiency for taxpayers.

“This merger will remove duplication in areas like administration, shared services, boards, management, and corporate costs,” he said.

The merger will also create a new energy services business for emerging technologies and meeting customer needs in the changing energy industry.