AGL cuts profit guidance after coal breakdown
Victoria’s largest power station, Loy Yang A, which provides 30 per cent of Victoria’s power needs, has been without a quarter of its capacity.
Agl Energy
ASX drops 1.2pc; Qantas climbs as WiseTech dives
Tech leads broad losses on the ASX. Former Star CEO gives evidence, Aussie Broadband crashes, Cannon-Brookes eyes AGL register raid and Qantas leads travel stocks rally.
New AGL unit outage adds to energy pain
AGL Energy has lost another major coal unit at its Loy Yang A plant in Victoria, as soaring wholesale power prices raise concerns over household retail tariffs.
AGL faces $90m hit from coal breakdown
The loss of a quarter of Loy Yang’s capacity could cut profit by $25m a month, analysts have warned.
AGL hiring as demerger looms
With a big shareholder decision looming on AGL Energy’s controversial demerger in June, the power giant is racing to fill key staffing slots at both businesses.
Years of high power prices ahead: AGL
The new boss of AGL Energy’s green retailer warns wholesale power prices, which can flow through to households, will stay high for years. Here is why.
AGL sticks with split as sales pitch looms
AGL Energy’s proposed demerger faces a shareholder vote from the company’s retail-heavy investor base amid expectations new M&A moves could still emerge.
Loy Yang failure sparks demerger doubts for AGL
An untimely breakdown at AGL’s major Loy Yang A coal plant has caused concerns among analysts and investors ahead of a demerger decision.
AGL fault threatens Victoria’s winter power
The biggest power station in Victoria, which provides 30 per cent of the state’s power needs, may be without one of its four generation units until August 1.
AGL, Snowy Hydro question grid plan
Two of Australia’s biggest electricity players are worried a blueprint for the electricity grid sidelines coal generation and an urgent need for new transmission infrastructure.
Macquarie Capital lines up investors for demerged Accel Energy
Investment bankers at Macquarie Capital are understood to have lured at least two parties interested in backing AGL Energy’s spin-off Accel Energy.
AGL takes first step in Liddell plant closure
AGL’s closure of the first Liddell Power Station unit on Friday will deliver an annual reduction in greenhouse emissions equivalent to taking 400,000 cars off the road.
Tsunami of cash to slash carbon: $2.6 trillion for investment
Heightened activity in the energy sector shows there’s heavy capital available for the transition to net zero by 2050.
AGL accelerates push for demerger
Accel Energy, the coal-dominated generator being formed by AGL Energy, has applied for a retail licence to serve big commercial and industrial customers.
Brookfield seals $1.7bn deal to buy La Trobe Financial
Fresh from it’s failed tilt for AGL, private equity and investment giant Brookfield has agreed to acquire lender La Trobe Financial in a deal worth as much as $1.7bn.
Behind Brookfield’s hidden AGL agenda
Canada’s Brookfield, together with Mike Cannon-Brookes, pursued AGL Energy for its coal, but long term it was about electricity retailing and Telstra.
Pressure now on AGL: Brookfield
Mark Carney says the AGL will be accountable to shareholders after rejecting ‘exactly the kind of transformation’ Brookfield is ready to do.
UK activist slams AGL’s rejection of takeover bid
AGL Energy erred in its swift rejection of a higher takeover bid by Mike Cannon-Brookes and Brookfield, London-based activist investor Snowcap says.
Power play fails on lack of detail
Government has a vital role to protect taxpayers and energy users.
Spike in prices ‘can power AGL rebound’
A spike in wholesale electricity prices back to boom-time levels could fatten AGL Energy’s earnings over the next few years.
Hunt still has work to do ahead of demerger vote
If he chooses to take up his pen again, Mike Cannon-Brookes could prove influential in AGL’s upcoming vote by shareholders for the demerger of the business.
Brookfield eyes RetireAustralia after AGL rejection
Private equity powerhouse Brookfield is set to continue its spending spree in Australia with sources suggesting the $1bn-plus RetireAustralia is firmly within its sights.
AGL investors slam takeover bid rejection
AGL Energy shareholders have questioned the power giant’s immediate rejection of an increased takeover bid from Mike Cannon-Brookes and his partner Brookfield.
AGL hasn’t seen the end of its cashed-up stalkers
Mike Cannon-Brookes and his Canadian partner will still cast a long shadow over the electricity giant.
AGL takeover dumped after new $9bn bid rejected
Mike Cannon-Brookes and his consortium partner Brookfield have quit a takeover battle for AGL Energy after the power giant rejected a new $9bn bid.
AGL rejects tech billionaire’s takeover bid
A tech billionaire has revealed his next move after his attempted takeover of energy giant AGL was rejected for a second time.
ASX falls; Qantas dives on oil surge
ASX lower as investors sell tech and health stocks. Qantas dives on oil surge as Woodside hits two-year high, AGL slips on rejected bid and Rio Tinto fined.
Boost the AGL bid, Cannon-Brookes is told
A top AGL Energy shareholder, VanEck Australia, agrees with an early coal exit but says the Mike Cannon-Brookes-fronted consortium will have to raise its $8bn bid.
Brookfield could use external fund for AGL deal
Brookfield’s game plan in its acquisition of AGL Energy may be to place the business in a fund owned by third-party investors to avoid opposition from the competition watchdog.
Green List gives clear sight into future of innovation
Today’s leaders have a responsibility to make it work for everyone.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/9