AGL seeks faster green energy approvals
Power giant AGL has upgraded its annual earnings guidance for the second time in three months and at the same time called for speedier approvals of new projects.
Agl Energy
Two factors set to push AGL profits up by $500m
AGL Energy’s full year profit is likely to be about half a billion dollars higher than last year, the company has said in its second earnings upgrade in three months.
ASX 200 climbs 1.4pc, AUD down after RBA
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
AGL eyes UK-based OVO Energy’s tech platform
AGL Energy is considering the value of OVO Energy’s technology platform as it seeks to compete against Origin Energy’s purchase of Octopus in the UK.
Energy at mercy of ‘ad hoc’ transition
Anthony Albanese’s push for net zero emissions is ‘uncoordinated’, a new report warns.
AGL: Gas import terminals needed to avoid shortfall
Australia will need more than one LNG import terminal to safeguard east coast supplies and prevent a devastating shortfall, one of AGL Energy’s most senior executives says.
AGL: Aussies willing to pay extra for homemade solar
The Liddell coal-fired power station is silent after more than 50 years and AGL Energy plans to transform the 10,000ha site into a renewable energy hub, keeping jobs in the region.
AGL explores manufacturing solar panels
AGL Energy is exploring manufacturing solar panels at the site of the recently closed Liddell coal power station.
Power price cut ‘risks profit’ of big providers
The Australian Energy Regulator Australians is delivering relief to consumers’ electricity bills but it will come at a cost to the profits of Origin and AGL, and dent competition, say experts.
Inflation war ‘isn’t yet won’: RBA; ASX up
Bullock says ‘the war isn’t yet won’ on inflation, RBA ‘not ruling anything in or out’. Dollar falls. Telstra hit with two-hour outage. Bank of Japan’s first hike in 17 years. Takeover targets Pacific Smiles, Boral gain.
Coalition nuke plans muddy landscape: AGL
Australia’s biggest electricity generator has slammed a nuclear push by the Opposition, ruling out the technology in a move that may sideline a plan to station a reactor in the Latrobe Valley.
ASX’s biggest weekly fall in six months
ASX down 2.3 per cent this week. AGL slams nuclear debate as muddying landscape. ASIC concerned by Westpac process. Tabcorp CEO’s comment was about female regulator. ARN Media lifts Southern Cross bid.
AGL plots mega renewable development
AGL has finalised plans to construct a 2GW renewable energy development as its transition plans accelerate.
Energy market signals being distorted: AGL
A scheme allowing state governments to delay the closure of coal-fired power stations would complicate the country’s energy transition, AGL Energy has warned.
State in the dark on blackout probe
Victorian Energy Minister Lily D’Ambrosio has refused to provide any details of who the “experts” will be, nor confirm whether they have yet been appointed.
Thousands of homes still without electricity
Some 55,000 Victorian households remain disconnected from the state’s electricity grid more than two days after wild weather downed transmission towers and power lines.
Days, even weeks before power fully restored
AGL says Victoria’s largest coal-fired power station will resume operating today, although tens of thousands may have to wait weeks for power to be fully restored.
More than 250,000 without power amid Victorian outage
AGL Energy will restore full operations at its Loy Yang coal power station within 24 hours, however many Victorians could be left without power for ‘days, if not weeks’.
‘Volatile’: 500k blacked out after power fail
Hundreds of thousands were left without power after Victoria’s major power station shut down, before wild storms knocked out transmission lines.
AGL’s Loy Yang hit by outage; ASX closes weaker
ASX 200 closes down 0.2pc at 7603.6points. Loy Yang A station offline. Callide C station failure report out. Macquarie hit by profit warning, star exit. Challenger lifts. Seek, Lew-backed Breville, Seven West and James Hardie fall.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/2