State will pay AGL to keep lights on
The Andrews government has struck a deal with AGL Energy to manage the retirement of the Loy Yang coal power station.
Agl Energy
Why we need to move on from profit outrage
Extraordinary numbers are really just ordinary. But chief executives have to start refining the message about the purpose of profits.
Alcoa deal with AGL secures Portland smelter, jobs
The nine-year extension of AGL’s existing contract secures half the energy needs of the Portland aluminium smelter but Alcoa will still need to source the rest of its supply after 2026.
AGL sweetens EV offering as demand accelerates
AGL Energy will offer customers who own an electric vehicle cheaper overnight charging, as it hopes to tap into the growing market.
AGL dumps fossil fuel lobby group
AGL Energy has dropped membership of two lobby groups, including a major fossil fuel advocate, as the power giant reworks its image to hit ambitious green goals this decade.
Aussie billionaire rips ‘toxic’ company
Atlassian co-founder Mike Cannon-Brookes did not mince his words when asked about Australia’s largest energy company.
Cannon-Brookes goes rogue on ‘toxic’ AGL
Mike Cannon-Brookes has hit out at the energy company he has invested $700m in, describing it as ‘one of the most toxic companies on the planet’.
ASX slides on energy; ends week up 0.2pc
Bourse sees small weekly gain. Star rockets on NSW tax deal. Iron ore flat amid Chinese property woes. Dollar set for a fourth weekly loss. Cettire CEO’s $100m selldown.
AGL sees little power price relief
AGL Energy believes power prices will remain at high levels over the next two years as the industry grapples with a shift to renewables.
ASX ends up 0.3pc; Lake soars, Downer dumped
Lake Resources rockets ahead of key address. Downer dumped after FY23 loss. Boral sees strong turnaround. Ansell faces class action. Cettire rallies on demand outlook.
AGL’s rising stock may tempt Cannon-Brookes to sell
With AGL Energy’s share price on a tear of late, could Mike Cannon Brookes be about to sell down his stake in AGL Energy?
ASX tumbles 1.3pc; banks, miners dumped
Sentiment turns after Fitch cuts US credit rating. Dollar slides to two-month low. Macquarie flags AGL challenges. Woolworths faces 1000 criminal charges over unpaid leave.
ASX falls 0.2pc on tech; rises slightly for week
Bourse ends Friday lower as investors dump tech stocks. Newcrest dives after Newmont’s profit miss. Coronado reaffirms guidance. Mineral Resources hammered on broker cut.
Liddell coal exit led to rise in power prices
Electricity prices rose after AGL shut down NSW’s Liddell coal power station in April, exacerbating fears over a jump in household bills as the fossil fuel exits the power grid.
AGL charged for ‘failing to stabilise’ energy grid
The charge against AGL for failing to follow orders and deliver market stability is the latest enforcement action by the regulator amid mounting public anger.
ASX rises 1.5pc for week; Link dives
Bourse also ends the week and quarter slightly higher. Downer jumps on $4.6bn rail contract. Link dives on HESTA loss. Bubs drops after China axing.
Cannon-Brookes trims his AGL stake
Mike Cannon-Brookes Ventures Grok remains AGL’s largest shareholder but he now owns 10.41 per cent of the energy company.
ASX ends win streak; falls 0.6pc on miners
The bourse’s best winning streak since April has ended. Rex dives after earnings downgrade. TPG falls following Telstra deal rejection. CBA drops refinance threshold.
Why AGL needs to think more like Macquarie in green rebuild
The road to becoming a green energy giant will also require the 186-year-old company to undertake its own mammoth transformation.
AGL shares soar as profits tipped to hit three-year high
AGL, under pressure to fund a $20bn green energy transition without damaging its balance sheet, has posted a significant turnaround from its sour first-half result.
AGL profits surge as households face huge power bills
Energy giant AGL has forecast a huge increase in profits, while households are grappling with power costs which will jump by hundreds of dollars this year.
ASX up for fifth day; rises 1.8pc for week
Westpac forecasts ‘insipid growth’, cash rate peak of 4.6pc. AGL to more than double profit in FY24. Bank of Japan holds rates steady. Mineral Resources makes gas discovery.
AGL, BP plug in to ride electric-vehicle boom
The deal will incentivise AGL customers to use BP pulse’s charging infrastructure, as the duo look to capitalise on soaring demand for zero emission cars.
ASX jumps 1pc on miners; best gain since March
Consumer stocks and materials lead gains. Deutsche Bank tips rate peak of 4.6 per cent. Iron ore rallies on China optimism. Brett Blundy in control of Best & Less. Gold miners hardest hit.
AGL eyes offshore wind farm to replace coal
Australia’s largest emitter plans a major new zero-emissions project in Victoria as its decarbonisation plan leaps forward.
ASX sheds 0.1pc; Paladin dives on Namibia move
Energy and banking shares weigh on bourse. Namibian intervention hits Paladin. Wesfarmers walks from Silk Laser. Qantas jumps amid investor day. Building data weighs on dollar.
Girl buried tools in ‘problematic’ case
A prosecutor was so concerned about the nature of allegations a young woman had made against her father that the police brief was sent to the NSW DPP.
‘Bittersweet day’ as Liddell shuts
AGL Energy’s Liddell coal plant will shut for good on Friday, the first of several major fossil fuel power stations scheduled to close this decade.
‘Catastrophic’: AGL warns on hack ransom ban
AGL Energy says a proposed federal government ban on paying cyber ransoms could harm communities, cost lives and disrupt essential services.
ASX ends down 0.1pc; iron ore falls hit miners
REITs rally as miners and energy stocks fall. Iron ore at five-month low. Invocare dives as TPG walks. South32 tanks on production miss. Bluescope ups outlook on steel prices.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/3