A dim view of AGL's MacGen bid

The consumer watchdog can't have it both ways in its confusing assessment of AGL's proposed takeover of Macquarie Generation.

A reading of the statement of the issues that the Australian Competition and Consumer Commission has with AGL’s proposed acquisition of Macquarie Generation throws up some rather confusing logic.

The ACCC says in the statement of issues, published last week, that it considers the key areas of overlap between AGL and MacGen were in the supply of wholesale electricity and financial hedge contracts.

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