AusNet is currently owned by Australian Energy Holdings No 4 Pty Limited, a company controlled by Brookfield Asset Management.

In February 2022, AusNet Services was taken private after a successful 2021 bid from Brookfield Asset Management with a number of Australian and Canadian pension funds as co-investors.

Its commercial business Mondo provides a range of services and solutions to enable community energy hubs and solar mini grids.

The 2009 Victorian Bushfires Royal Commission found that the Kilmore East part of the February 2009 Black Saturday bushfires in Victoria "started after the conductor between poles 38 and 39 failed and the live conductor came into contact with a cable stay supporting pole 38.

"[4] Following a class action lawsuit related to that fire, in July 2014 the company announced a A$260 million legal settlement.