AGL to be fined millions over compliance fail
Two separate power stations in NSW and Victoria are set to be fined millions after admitting they were not ready to supply power in an emergency.
Two separate power stations in NSW and Victoria are set to be fined millions after admitting they were not ready to supply power in an emergency.
Australia will miss its energy transition targets and to mitigate the impact, officials must get on with approving new gas developments, APA chairman warns.
Bourse at year low. PwC spin-off hit by slump in new work. Billionaire miner Rinehart likely buying up Azure after SQM’s $1.6bn bid. First strikes at Woolworths, Whitehaven and APA. Luci Ellis tips Nov rate rise.
APA chair and former AGL boss Michael Fraser says a reality check is needed on energy, as Australia stumbles over its efforts to hit net zero targets by the end of the decade.
The boss of the infrastructure company that controls Australia’s biggest network of pipelines declares gas is not going the way of coal.
The gas infrastructure company is moving to diversify its earnings away from fossil fuels with a deal to buy Alinta’s WA assets.
Bourse hits four-day high. APA targets $675m raise. Domino’s rebounds to be top gainer. Woolworths dividend up. WiseTech drops on earnings miss. Iron ore boost for miners.
Sharemarket ends flat as soft earnings reports undermine early gains. James Hardie soars on earning beat. Myer upgrades profit forecast.
Victoria has moved to curtail the use of gas, but APA boss Adam Watson said the fuel source has a long-term future and Australia should embrace its use to hasten the exit of coal.
APA Group has opened its 580km pipeline in Western Australia, which it says could unlock that state’s gas market.
APA Group looks poised to buy Alinta’s $1bn parcel of assets on offer after the Andrew Forrest-led Fortescue Metals is said to have taken its foot off the gas.
Alinta Energy is now understood to be set on selling all of the West Australian assets it has on offer, and the understanding is that offers have landed between $1bn and $1.5bn.
The ASX ended sharply lower. Stokes-backed BCI gets shareholder nod for $60m raise. Crown back pays $1.2m-plus to 200 staff. Economist Bill Evans tips ‘aggressive easing’ starting 2024.
Macquarie Group, BP and APA Group are among the parties shortlisted for the West Australian assets of Alinta Energy, say sources, while Pacific Equity Partners is out of the race.
APA Group has proved existing pipelines can carry potentially corrosive hydrogen but its boss says commercial distribution is a long way away.
Analysts say that Alinta Energy’s assets for sale in north west Australia meets APA Group’s desire for transmission and remote energy.
Five parties are understood to have been short-listed to buy Spark Infrastructure’s renewable energy business.
Gas market uncertainty threatens to undermine the crucial element to Australia’s clean energy transition, according to APA Group boss Adam Watson.
APA Group is believed to be showing interest in Spark Infrastructure’s renewable energy business which is up for sale.
APA Group’s new CEO says new gas supplies are the best way to keep prices down over the long-term, but is choosing not to weigh into the debate over price caps.
APA Group’s Michael Fraser has rejected calls to speed up Australia’s energy transition, arguing new natural gas supplies will be needed for decades to come.
Gas pipeline operator APA Group is set to buy the undersea electricity cable connecting Victoria and Tasmania for $773m as it boosts its east coast exposure.
ASX ends down on broad losses. Core Lithium leads lithium rally, Adbri hammered on profit warnings, iron ore edges towards 12-month low and dollar could hit US58c.
The interconnector comprises physical connection between Tasmania and Victoria for not just power, but internet services.
ASX hits seven-week low as materials and energy weigh. ResMed soars on high volume, New Hope shareholders in climate push, APA buys Basslink and Metcash sees sales jump.
Outgoing chief Rob Wheals described it as a solid result but investors are likely to focus on its decision to exit North America and search for a new leader.
ASX higher on gains led by energy and tech. WiseTech surges on result, EML hammered on fraud hit, Coles dives on outlook, Rex swings to loss and Woodside rallies.
The board of this $13bn infrastructure giant wants its executives to spend more time on a rapidly-evolving market closer to home.
The shock departure of the gas pipeline giant’s chief executive shows that it is not easy to be a champion leader – especially when your board is not a strong one.
The boss of APA Group has unexpectedly quit after several large shareholders approached the board, demanding the shutdown of its stalled $4bn North American expansion.
Original URL: https://www.theaustralian.com.au/topics/apa-group/page/2