‘It’s where I have impact’: Cannon-Brookes staying put
The outspoken tech billionaire says running the company he co-founded 20 years ago is the best use of his time, despite the high-profile side hustle spats with Andrew Forrest and AGL.
Agl Energy
The power won’t go off when Liddell does
The closure of AGL’s Liddell coal-fired power generation plant in a fortnight won’t cause any electricity supply shocks, say retailers and energy officials.
ASX up tad on Origin, AGL; Lake dives 13pc
Goodman jumps on broker upgrade. Lake Resources dives on chair’s selldown. Latitude falls as cyber attack hits millions. Crown has now been hit with a ransom demand by a Russian cyber gang
How EVs, Teslas could help ease worsening power bill pain
New technology enabling a smarter use of batteries found in Teslas could help address major affordability issues, energy giant AGL reveals.
AGL eyes gas group exit in green switch
AGL Energy is poised to quit its membership of a national peak gas body, with the power giant seeking to fast-track a move to green electricity.
Coal plant delays fuel winter energy fears
Delays to the restart of coal-fired power stations in Queensland have heightened fears of another harsh winter for the fragile energy market.
Snowcap takes aim at Santos, $6m CEO bonus
The energy giant’s ‘reckless and misguided’ growth plan and ‘perverse’ incentives have been slammed by the UK activist investor, who played a key role in scuttling AGL’s demerger.
Coal jobs on the line, and with them votes
Residents of the Upper Hunter are fed up. With the closure of AGL’s Liddell coal-fired power plant and the imminent shutdown of mines, they are on edge.
Inside the battle royale for AGL’s survival
From where they sit inside Liddell power station, AGL Energy’s chief operating officer and veteran workers are both exasperated and excited by tech titan Mike Cannon-Brooke’s attention.
Vintage Energy opens gas taps on Vali field
Vintage Energy has celebrated bringing its first gas production online, with the company turning on the taps under a long-term supply agreement with AGL.
AGL needs to power up the one thing money can’t buy
The energy giant has to short-circuit the dramas of recent years to catch up with rivals in the multibillion-dollar renewables race.
AGL warns on high energy costs for next two years
AGL chief executive Damien Nicks says household and business energy costs will stay elevated over the next two years, despite wholesale power prices falling from last year’s highs.
ASX ends at six-day low; AGL dives 10pc
All ASX sectors end in the red. Investors dump AGL on guidance cut, $1.1bn profit loss. Dollar rallies on China rate cut talks. Fortescue eyes mass job cuts. Coal miners struggle.
Big task ahead for new boss in AGL transition
AGL Energy looked in-house for its new chief executive, and Damien Nicks expects a ‘bumpy road’ as the nation’s biggest coal generator pivots to renewables.
ASX rises 0.6pc; BHP, Rio Tinto pace gains
Shares at nine-month high after weaker jobs data. Miners gain as BHP tips strong China demand. Netwealth dives on inflows hit. Jeff Kennett calls for price cap enforcement.
The Australian’s CEO Survey 2022: AGL to Bunnings
The link between wages and productivity in the mining industry has weakened significantly over the past two decades, warns BHP’s Mike Henry. Others say energy is a peak concern.
Energy giants seek to cut emissions red tape
A number of high-profile energy producers have raised concern over the duplication of state and federal government schemes to cut emissions.
Schott exits Net Zero to avoid AGL ‘conflict’
Kerry Schott’s appointment to the AGL Energy board has triggered her resignation from a high profile Net Zero role in NSW.
AGL is closing Torrens B, what’s next?
AGL is closing it’s Torrens B gas-fired plant in South Australia almost a decade early, but the company has big plans ahead.
Losses push AGL to close gas power plant a decade early
AGL Energy brought forward the closure of its Adelaide gas plant after revealing it was losing millions of dollars amid a wave of cheap renewables and looming competition.
ASX edges up on tech; coal stocks plunge
Shares close at highest level since May on tech and real estate. AGL gets $20m to keep plant open, Whitehaven dives on CEO sale, Nick Scali soars on outlook and iron ore miners lift.
When green power dream turns to nightmare
As we hurtle towards renewables and emissions targets there is no certainty we will be able to keep the lights on. Surely there needs to be a backup plan?
AGL ‘further behind’ Origin Energy: Brookfield
Origin is well ahead on decarbonisation and a very different business to AGL, says Brookfield, as it plans a $18.4bn takeover of the group.
ASX ends down on regional falls
AGL ‘behind’ Origin in shift from coal. Miners and energy weigh on market. Life360 halted on capital raising. Dusk sales rise.
Canada’s nuclear vision shows way for Australia
It’s a shame the Liddell coal-fired power station can’t be carefully dismantled, because the Germans would take it in a flash.
The perils of Bowen’s power policy
What will it take for the Minister to acknowledge that delivering cheap, secure, reliable energy is beyond the capability of renewables?
AGL’s outlook upgraded by ratings agency Moody’s
The power giant received an improved outlook from the ratings agency after bedding in its climate policy at its annual shareholder meeting.
AGL chair’s unity dilemma with Cannon-Brookes success
Chairman Patricia McKenzie declares she is still best placed to lead after the tech titan won a bid to install four new directors and the power giant suffered a first strike on pay.
AGL’s power wars has left it years behind
With billions to be spent by the end of the decade, AGL’s newly expanded board needs to get moving.
ASX flat; Incitec leads, lithium stocks battered
AGL chair defies resignation call after pay strike, Cannon-Brookes’ board victory. Allkem, Pilbara shares dive. Incitec soars on demerger delay, $400m buyback. CBA shares rise on $2.5bn quarterly profit.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/4