News: AST Origin Energy enters agreement to sell mortlake terminal station

Feb 12 (Reuters) - Origin Energy Ltd (ORG) :

• Org enters agreement to sell mortlake terminal station (ORG)
• Deal for a cash consideration of $110 million
• Says under the terms of the transaction, Origin will enter into a long-term agreement with ausnet services
• Planned sale of mortlake terminal station stands to provide Origin a pre-tax gain of approximately $25 million
• Says entered into a sale agreement with ausnet transmission group pty ltd
• Says agreement with ausnet services to continue to connect mortlake power station to the victorian network