Cannon-Brookes cold on AGL shake-up
Mike Cannon-Brookes has immediately voiced ‘reservations’ about the appointment of Patricia McKenzie as AGL’s new chair.
Agl Energy
AGL a perfect fit for ownership by private equity
Going forward, AGL will need capital to effect its massive transformation. If ever there was a strong case for private equity ownership, this is it.
ASX hits two-month low; AGL, coal miners sold
Energy and utilities lead ASX losses. Westpac lifts October rate call, AGL slides amid board overhaul, Magellan falls to eight-year low and Link drops after D&D bid rebuff.
AGL must go green, urges its former chief
AGL Energy may name an interim chief executive to quell investor disquiet, however former boss Andy Vesey says the power giant must embrace a switch to clean energy.
AGL investors stage revolt against Dwyer chair pick
Disquiet by as many as four institutional shareholders has forced Paula Dwyer to withdraw her nomination to chair power giant AGL Energy.
Dwyer frontrunner for AGL Energy chair role
Paula Dwyer has emerged as the frontrunner to replace Peter Botten as AGL chair, but faces tension with its biggest shareholder.
Fresh delay at Loy Yang a setback for AGL
AGL Energy has suffered a fresh supply setback with its giant Loy Yang A coal plant in Victoria facing a further one-month delay before returning to service.
ASX jumps 1pc; miners, tech stocks rally
ASX rises to its highest level this month. Nickel Industries surges, Liontown leads lithium sell-off, Atlas slips on Chicago bid and more delays for AGL’s Loy Yang A plant.
AGL pressured to reveal new strategy
Power giant AGL Energy faces impatient investors looking for a cohesive plan to guide it through massive electricity market volatility.
Forrest loses key green hydrogen executive
The billionaire will install former AGL boss Andy Vesey to run the North American business after the abrupt exit of Fortescue Future Industry’s local boss Paul Browning.
AGL, Origin point to disturbing turn for power grid
Neither company was prepared to give full-year earnings guidance this week. That shows the market is broken – despite all the talk of a green transition.
AGL profit pull back amid volatility
Profits at the nation’s biggest power generator slumped 58 per cent and investors are bracing for more poor returns as old power stations near retirement.
ASX ends week up; Santos leads energy surge
ASX on its best winning streak in 15 months with a fifth week of gains. TPG plunges, AGL profit hit, Woodside leads coal rally and gas security mechanism to last till 2030.
AGL-backed solar thermal scheme nears start-up
RayGen’s Victorian storage project uses mirrors to capture sunlight, with energy stored in water reservoirs and converted to electricity through a turbine.
AGL signs Japanese partners, expands Hunter hub plans
The energy giant has also brought on APA Group and Jemena as it develops the Liddell and Bayswater power station sites alongside Fortescue Future Industries.
All eyes on AGL amid speculation of $1bn raise
Speculation is growing that AGL Energy may need to tap investors for an urgent equity raising of as much as $1bn.
AGL suffers Liddell coal breakdown
The power giant’s fourth unit at the Liddell coal plant has been taken out of service for at least a week, adding to generation woes.
Call for gender quotas amid ‘dire’ lack of women CEOs
The woman who missed out on the top job at AGL Australia after the failed demerger of the energy giant says quotas may be needed to correct the ‘dire’ lack of women at the top.
AGL accuses Weston of harming own customers
The energy giant says it has been unable to get contract information for the collapsed retailer’s clients, leaving it unable to offer them gas at lower prices they agreed to.
Customers dudded as regulator confiscates gas supply
Exxon and Santos were supplying to Weston’s customers. But a letter from officials changed that, handing the lucrative resource to AGL. And that is not in the national interest.
Brookfield AGL stake spurs talk of new tilt
AGL Energy suitor Brookfield has emerged with a small stake in the power giant – with the move rekindling speculation it may be back for a fresh tilt at the company.
AGL customers hit with bill shock
The energy major’s customers in NSW have been slugged with a $300 annual increase in their electricity bills.
ASX dives 2pc on miners; ends FY22 down 10.2pc
ASX plunges on broad losses led by utilities and miners. Seven seeks to terminate cricket TV deal, job vacancies hit 500k and Brambles exits Costco deal.
AGL refocuses following demerger debacle
Following the dumping of its demerger plan, AGL Energy has fine-tuned the focus of its new strategy including a reassessment of its decarbonisation plans.
ASX adds 0.3pc; CSL, Goodman, Blackmores lifts
ASX rebounds led by real estate and health. Lake Resources crashes as it calms investors, NBN taps bond market, Growthpoint jumps on forecast and PayGroup’s stunning surge.
Snowy Hydro gas plant inks pipeline deal
Snowy Hydro has signed a 30-year pipeline and storage deal for its gas plant near Newcastle in NSW, as it looks to bring first supplies into the market by late 2023.
Australia pays price of a disorderly transition
There is no free lunch when it comes to climate change, and the price of a disorderly transition is visible as we see Australia’s national energy market in turmoil.
AGL teams up with heavyweights on new hydrogen plan
The energy giant is assessing the viability of a hydrogen hub in South Australia, with partners including Brickworks and Adbri on board.
ASX 200’s worst week since March 2020
The ASX 200 index closes down 6.6 per cent for the week amid recession fears. Andrew Forrest’s Tattarang Group shells out $122m to raise AACo stake to 17.4pc. GUD dives 20 per cent.
How energy crisis surged through the national grid
The collapse of a gas retailer to big industrial customers set off a chain reaction that has led to what could be a harsh winter for energy users amid high electricity prices.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/6