Embattled electricity giant AGL Energy will split itself in two separately listed businesses to better handle the rapidly transforming energy market, separating its base coal power plants into a new company, Accel Energy, to be headed by existing interim CEO Graeme Hunt.
The retail business backed up by renewables generation and gas power – and with a carbon-neutral portfolio in terms of direct emissions – will be called AGL Australia and will be headed by AGL’s existing chief customer officer, Christine Corbett as CEO.
