TransGrid has a long history in the power business. Since 1950, as part of the Electricity Commission, we have transmitted electricity throughout the State to provide the people of New South Wales with a reliable, world class power system.
The Electricity Commission went on to become Pacific Power, under whom we performed our transmission and specialist engineering services role until 30 June, 1994. From 1 July 1994 we formed PacificGrid, a wholly owned subsidiary of Pacific Power.
TransGrid, as we are now known, was formed as a Statutory Authority on 1 February 1995, under the Electricity Transmission Authority Act 1994.
On 7 May 1996, under the Electricity Supply Act 1995, TransGrid developed and operated the State's electricity market and played a key role in facilitating the transition to the National Electricity Market (NEM). This function was transferred to the National Electricity Market Management Company (NEMMCO), upon commencement of the National Electricity Market on 12 December 1998.
In response to further industry reform, TransGrid became a corporatised entity under the State Owned Corporations Act 1989 on 14 December 1998.