Tomago seeks cheaper energy deal
Australia’s biggest aluminium smelter has reopened negotiations with AGL Energy to strike a cheaper electricity contract.
Australia’s biggest aluminium smelter has reopened negotiations with AGL Energy to strike a cheaper electricity contract.
There is overwhelming community opposition to AGL Energy’s proposed LNG import terminal in Victoria’s Mornington Peninsula.
And why build a gas power plant in one of the world’s biggest thermal coal basins?
The energy industry has hit back at the government’s plan for potential intervention in the power sector, saying the move may derail investment.
Scott Morrison’s fight with the energy companies has echoes of the Telstra brawl that ended up giving us the NBN.
Oil heavyweight Chevron is taking Ampol to court alleging breaches of trade mark licence agreements relating to the Caltex brand.
The $115m Amaysim netted from a sale of Click Energy to AGL Energy is further evidence the company overpaid for the business.
AGL Energy has bought Amaysim’s energy unit, adding an extra 215,000 customers.
PG&E emerged from Chapter 11 bankruptcy in July following a restructuring after its equipment was linked to destructive wildfires that hit California in 2018.
Shares bounced from daily lows but finished down 0.7pc under the drag of banks and ex-dividend trade in Telstra.
AGL Energy has suffered a setback over its plans to develop Australia’s first LNG import plant in Victoria.
Pay levels at some of the nation’s biggest companies are falling as corporate earnings succumb to the pandemic.
AGL plans to convert its Liddell coal power station in NSW’s Hunter Valley into a site housing a giant battery system.
AGL says underlying annual profit fell by 22pc and it expects its 2021 earnings could tumble by nearly a third.
The impact of COVID-19 on corporate profits and the economy will be worse over the next 12 months at least, with Telstra and AGL joining CBA in issuing downbeat forecasts.
AGL Energy has posted a fall in full year underlying profit and flagged another due to accelerating “operating and market headwinds”.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/21