BRIEF-ACCC says opposes AGL Energy's proposed acquisition of Macquarie Generation

March 4 (Reuters) - Australian Competition and Consumer Commission:

* Accc: opposes agl's proposed acq of macquarie generation AGK.AX

* Accc - considers that proposed acquisition is likely to result in substantial

lessening of competition in market for retail supply of electricity in New

South Wales

* Accc -formed view that proposed acquisition would be likely to result in

significant reduction in hedge market liquidity

* Accc - concluded that draft undertaking offered by AGL on 17 February was not

capable of addressing accc's competition concerns in market for retail supply

of electricity in NSW

* Source : Href="Link">http://r.reuters.com/jus37v

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