Press Releases

Sale of Bord Gáis Energy

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Wednesday 22nd February 2012

The Government today announced that it intends to sell Bord Gáis Energy, Bord Gáis’ retail, trading and assets division. Bord Gáis will now engage with the relevant Government departments and other stakeholders to support and input into this process to ensure that the sale of Bord Gáis Energy, when it comes to market, will generate the maximum value to the State.

Today’s announcement has no impact on our customers and throughout this process the company will remain committed to delivering best in class products and services.

Ends

Notes:

Bord Gáis is comprised of two major divisions: Bord Gáis Networks, which will remain in state ownership, and Bord Gáis Energy, the retail arm of the company which includes Bord Gáis Trading and Bord Gáis Assets. Bord Gáis Networks develops, operates and maintains the natural gas transmission network in Ireland and provides gas transportation services to suppliers and shippers.

Bord Gáis Energy’s retail division provides gas and electricity to residential and business customers in the Republic of Ireland and in Northern Ireland through its subsidiary firmus energy. Bord Gáis Energy has approximately one million gas, electricity and Home Services customers.

Bord Gáis Trading is responsible for the procurement of gas, electricity and carbon on wholesale markets.

Bord Gáis Assets is responsible for the operation and maintenance of existing power generation assets which generate in excess of 683 MW of generation capability, as well as the development of new assets such as the company’s wind portfolio.

Bord Gáis Energy is based in Dublin, Cork and Belfast and has approximately 485 staff.

Contact:

Larry Donald, Bord Gáis, 087 258 1787

Christine Heffernan, Bord Gáis, 087 050 5555


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