July 2024
Transmission ‘will get easier’ after EnergyConnect: Transgrid CEO
Brett Redman’s comments come as speculation mounts Transgrid will need to bring other contractors in to complete the delayed $2.3 billion transmission project.
June 2024
Grant King to succeed Jerry Maycock as Transgrid chairman
The changeover at the helm of the NSW grid owner comes as the build-out of the transmission system has become a major stumbling block to the energy transition.
October 2023
One landowner can’t stop the energy transition: TransGrid CEO
TransGrid is prepared to compulsorily acquire properties along the route of the proposed 360-kilometre HumeLink in southern NSW if landowners don’t agree to sell.
March 2023
Transgrid locks in supplies to build out transmission
Transgrid has placed orders worth $150 million after the federal government agreed to underwrite a spend of $385 million.
December 2022
Transgrid denies discriminating against female executive
Transgrid has had to defend itself in court against discrimination claims by a woman executive beaten to a promotion by a man she claimed stared at her breasts.
October 2022
Australia risks losing the race in the great energy reset
Coal power is on its way out, but Australia faces intensifying global competition to build the infrastructure needed to replace it, Transgrid CEO Brett Redman says.
September 2022
Transgrid confident of overcoming HumeLink obstacles
The NSW power grid owner insists the huge transmission project can be delivered on time, shrugging off doubts amid scarce skilled labour and rising costs.
August 2022
Transgrid’s plan to streamline $8b grid build-out
The NSW high-voltage grid owner is bundling together $8 billion of transmission projects to make their delivery more efficient, potentially saving $500 million.
June 2022
Rewiring the Nation vital for grid built-out: Redman
The TransGrid CEO said the Labor government’s initiative should facilitate investment in transmission to ease the transition to renewables.
March 2022
No transition without transmission: Redman’s new motto
Now at the “pointy end” of the energy transition, the former AGL boss who is now CEO of TransGrid says the speed of change was unimaginable five years ago.
June 2021
There’s nothing like a CEO humblebragger
The head of the ABS and David Koch’s son are among those who deflect credit for altruism while drawing attention to it.
May 2021
AGL may need to raise equity as demerger doubts mount
AGL may have to raise about $600 million in equity, on UBS estimates, to support the planned split of its business as wholesale power prices plunge.
AGL Energy stands firm on demerger
Interim CEO Graeme Hunt sought to reassure investors that lenders are on board after analysts and investors questioned how the demerger could work in practice.
April 2021
AGL demerger in doubt as investors query CEO exit
Some investors are voicing doubts that AGL’s demerger will go ahead after the departure of CEO Brett Redman, saying his exit may give the company more room to manoeuvre.
‘Literally zero sense’: AGL chairman under fire over CEO exit
Analyst Mark Samter has unleashed a scathing assessment of the AGL board and questioned the motives of chairman Graeme Hunt for stepping into the CEO job for a $2.25 million base salary.
The Rockpool dinner that left AGL with a bitter aftertaste
It was supposed to be a convivial meal, but the reverberations of Brett Redman’s shock announcement must have given everyone indigestion.
Turmoil as Brett Redman abandons AGL
The chief executive has resigned after advising the board he could not commit to seeing through the full demerger of Australia’s oldest energy utility.
Redman’s exit piles pressure on AGL
At age 50, Brett Redman is young enough to take on another CEO role after leaving AGL. But the damage caused by his shock departure could put a blot on his CV.
Shock exit is bad news for AGL shareholders
The departure of Brett Redman comes at a pivotal time for the energy retailer as it navigates a challenging future.
March 2021
AGL faces battle to create value from split
The rationale for AGL’s potential split is widely accepted in the market, but analysts aren’t convinced shareholders will see an increase in value.