AGL Energy
Updated
Earnings season
AGL’s $10b shift from coal to clean power ‘on target’
The power giant has swung to a heavy loss after a chaotic 12 months for the east-coast energy market, but flags better times ahead as electricity prices rise.
- by Nick Toscano
Latest
Vales Point coal plant could stay open for longer
The owner of one of the largest coal-fired power stations in NSW may delay its closure amid concerns about the slow rollout of clean energy across the grid.
- by Nick Toscano and Mike Foley
AGL faces court over failure to stabilise the energy grid
Australia’s biggest power generator has admitted failing to provide critical services from two of its coal-fired power stations in Victoria and NSW.
- by Nick Toscano
Opinion
Bills
The bill squirrel: How smoothing your debts can soothe money stress
By doing the bill “squirrel”, you can use your bill money to also save you loan interest, rather than big energy companies using it to ratchet up profits.
- by Nicole Pedersen-McKinnon
Billionaire Cannon-Brookes keeps heat on AGL to hasten coal exit
Mike Cannon-Brookes has thrown support behind AGL’s increased carbon ambitions but intends to ramp up engagement and press for earlier coal plant closures.
- by Nick Toscano
Top emitter AGL sets targets for replacing coal with cleaner power
AGL is confident the bumpiest year of the green energy transition is now behind it as higher wholesale power prices help it return to profit.
- by Nick Toscano
Bondi Rescue as Joe Hockey poaches AGL executive Michelle Wood
Wood, an ALP member with stints at Uber and News Corp, brings some fresh ideological diversity to Hockey’s booming advisory firm Bondi Partners.
- by Kishor Napier-Raman and Noel Towell
Soaring gas prices send explosives maker out of east coast gas market
Incitec Pivot has stitched up a gas supply deal that will allow it to opt out of the volatile east coast gas market.
- by Simon Johanson
Exclusive
Energy
AGL shuts coal unit for major works to tackle winter breakdown risks
Power giant AGL has taken a major coal-fired unit offline for $92 million of maintenance to minimise the risk of faults crimping supply and straining the grid.
- by Nick Toscano
End of an era: What happens when Liddell is switched off for good?
The towers will be blown up, thousands of tonnes of steel and concrete will be trucked away and workers will hang up their hard hats. This is how the Liddell coal-fired power station will be demolished.
- by Laura Chung and Janie Barrett
Updated
Earnings season
AGL sees ‘significant’ power price rises despite coal caps
Energy giant AGL has reported a half-year loss of more than $1 billion, capping off a tumultuous period for the nation’s largest greenhouse gas emitter.
- by Nick Toscano