Jun 8, 2026 – 5.09pmAt least two deep-pocketed infrastructure investors are preparing binding offers for Australia’s largest smart metering business, Plus ES, as poles-and-wires giant Ausgrid gives its bankers the go-ahead to kick off the $3 billion auction’s second round.Ausgrid CEO Marc England. Flavio BrancaleoneSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Final round underway at Ausgrid’s $3b Plus ES auction
Sources said the auction’s second round has been limited to financial investors, QIC and smart metering business Bluecurrent weren’t admitted to the data room.
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