Time for re-set: AGL chair to staff
AGL Energy’s new chair, Patricia McKenzie, has told staff it is time for a re-set of the 185-year-old company.
AGL Energy’s new chair, Patricia McKenzie, has told staff it is time for a re-set of the 185-year-old company.
Mike Cannon-Brookes has immediately voiced ‘reservations’ about the appointment of Patricia McKenzie as AGL’s new chair.
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.
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 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.
Disquiet by as many as four institutional shareholders has forced Paula Dwyer to withdraw her nomination to chair power giant AGL Energy.
Paula Dwyer has emerged as the frontrunner to replace Peter Botten as AGL chair, but faces tension with its biggest shareholder.
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 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.
Power giant AGL Energy faces impatient investors looking for a cohesive plan to guide it through massive electricity market volatility.
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.
Two more units at the Hunter Valley coal plant, which supplies power to 2 million households, are now out of action.
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.
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.
They have seen the value of the power they produce plummet as suburbs full of solar panels kick into gear on a sunny day.
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.
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.
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’.
Readers have their say on the power of Mike Cannon-Brookes, the art of effective opposition and the Depp v Heard verdict.
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.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/8