AGL crisis deepens amid Bayswater outage
Two more units at the Hunter Valley coal plant, which supplies power to 2 million households, are now out of action.
Agl Energy
ASX dives to worst week since 2020 as banks fall
Real estate and energy stocks lead widespread falls on the ASX. Xero among the few gainers, banks extend retreat, Blackstone clears Crown hurdle and Atlas rejects IFM.
Grok prefers AGL board reset over takeover bids
Mike Cannon-Brookes’ Grok Ventures says it is against any immediate takeovers of AGL Energy as it plans to prioritise two other major tasks first.
Power workers didn’t need a tech guru to show it’s crunch time
They have seen the value of the power they produce plummet as suburbs full of solar panels kick into gear on a sunny day.
Albanese warned to power up on energy
The failure of a major coal-fired unit at AGL’s Liddell Power Station has exacerbated pressure on the national power grid as Anthony Albanese eyes a short-term response to the energy crisis.
Energy crisis deepens after outage at AGL coal unit
The company confirmed an outage at the Liddell station, with part of the plant out for a month. Two major industrial energy users have already curtailed production.
One AGL board seat enough for me, Cannon-Brookes says
The Atlassian co-founder had requested two positions, but his private investment vehicle says it has been impressed with the inbound interest from ‘high-quality independent … candidates’.
‘Energy market a new toy for rich kids’
Readers have their say on the power of Mike Cannon-Brookes, the art of effective opposition and the Depp v Heard verdict.
ASX rises 0.9pc; BHP, Rio Tinto, Fortescue jump
Miners and tech push ASX higher for the session and week. Cannon-Brookes now wants one AGL seat, Healius down on profit warning and PolyNovo shares jump on chairman buy.
St Baker slams Cannon-Brookes’ energy vision
Trevor St Baker has branded fellow billionaire Mike Cannon-Brookes a ‘software nerd’ without the energy experience to reshape AGL Energy.
The winners and losers from surging electricity prices
It’s ironic that Mike Cannon-Brookes is now set to be a beneficiary from higher coal prices. Not every business will fare so well.
‘Cranbrook is not AGL’: Private school stoush boils over
You know you’re among Sydney’s elite when school council AGM attendee Scott Farquhar is subject to zingers about the takeover style of Mike Cannon-Brookes.
AGL seeks meeting with Cannon-Brookes
AGL directors have offered to meet with Mike Cannon-Brookes as shareholders seek clarity on the billionaire’s blueprint for the troubled electricity operator.
Experts put AGL demerger backflip under microscope
AGL has dumped a plan to split its coal-fired assets from its retail electricity business – which will have huge ramifications. The experts take a closer look.
AGL’s new-era power disruption
Minority shareholders and customers have been left out in the cold.
Curry on backburner as reality bites at AGL
Peter Botten was eyeing up a curry on Saturday night when the phone rang. Rumours had started to circulate over the weekend that AGL’s demerger may be dead in the water.
AGL implodes as switch from coal to green looms
AGL Energy is in crisis mode after dumping a demerger, its CEO and chairman following a successful campaign by Mike Cannon-Brookes against the company split.
Higher bills on the way after AGL abandons plan to split
AGL Energy’s decision to abandon its plan to split into two companies won’t have any impact on the planet but will mean the end of cheap, plentiful and reliable electricity.
AGL’s slow energy transition should ring alarm bells for others
The group’s board exodus and the abandonment of its planned demerger should be a warning to all companies that are going slow on energy transition.
Mike Cannon-Brookes just blew up the AGL Board
AGL Energy has blinked at its headline planned demerger, choosing instead an easier path and decoupling its chairman Peter Botten and CEO Graeme Hunt.
A billionaire’s playbook to getting what you want
AGL – which first started powering street lamps in Sydney in 1841 – is effectively up for sale.
Aussie billionaire responds to ‘huge’ win
Atlassian co-founder Mike Cannon Brookes has responded after a huge win that will drastically alter Australia’s biggest polluting company.
AGL now back to ‘square one’
Demands for an early coal exit and Paris-aligned climate ambition are top of AGL investors’ demands but Mike Cannon-Brookes faces opposition to his bid to secure two board seats.
ASX gains 1.5pc on tech; Zip, A2 Milk, Block gain
ASX hits three-week high on tech and miners. A2 Milk and Bubs surge on US baby formula plans, AGL dips on demerger U-turn, ASIC sues ANZ and Rex calls Qantas a ‘bully’.
The patience of AGL investors is being sorely tested
The energy giant’s board has blinked. It must fear the weight of opinion, and in particular of one or more major shareholders, has shifted against the company’s proposed demerger.
AGL U-turn on demerger plans
AGL Energy will dump long-running plans to demerge its coal-focused generation business – with chief executive Graeme Hunt expected to leave the company.
Cannon-Brookes demands two AGL Energy board seats
The power generator and retailer should prepare for its demerger to be voted down, the Atlassian billionaire warns in a letter.
AGL blow as super giant HESTA opposes demerger
HESTA has been joined by London-based investor Snowcap in voting against the demerger, as Mike Cannon-Brookes builds momentum to derail the company’s planned split.
ASX gains 0.4pc; banks, miners, telcos rally
ASX ends higher despite a late selloff. Costa Group jumps on update, Chalice drops on $100m raise, Hesta to oppose AGL demerger, Flight Centre names new MD and Worley secures US job.
Wilson joins opponents of AGL demerger
The veteran investor isn’t convinced by AGL’s explanation for the demerger move amid Mike Cannon-Brookes’ vocal opposition to the restructure.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/7