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The Latest Breaking News from AGL Energy

Transition 'well under way' as AGL rejects nuclear push

Energy giant AGL has posted a stellar profit on higher power prices, taking the lead in the transition and dismissing nuclear as too costly and too late.

AAP

Australia’s biggest companies made nearly $100bn in ‘crisis profits’ amid Covid and Ukraine war

Oxfam analysis finds Woolworths, Hancock Prospecting and NAB among companies to rake in much higher profits off the back of crisis conditions

The Guardian - AU

Australia’s big electricity generators say nuclear not viable for at least a decade

AGL Energy, Alinta, EnergyAustralia and Origin Energy say they will remain focused on renewables despite Coalition support for nuclear reactors

The Guardian - AU

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AGL Energy posts $576m half-year profit as it rejects accusations of price gouging consumers

The company’s CEO says he’s ‘acutely aware of the cost of living pressures both our customers and the broader community is under’

The Guardian - AU

AGL Energy back in the black, but sights set on green

AGL Energy insists there is a "very, very competitive" market after bouncing back into profit and reserving billions of dollars to replace coal-fired power.

AAP

Liddell battery 'milestone' for end of coal-fired power

Australia's biggest polluter AGL Energy has made a final investment decision on a big battery that marks another milestone in the end of coal-fired electricity.

AAP

‘The path to net zero’: AGL doubles down on investments in wind, solar and batteries

Batteries and EVs underpin a quicker transition from high-emission coal-fired power generation under plans revealed by AGL Energy.

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AGL accelerates big batteries to drive energy change

Australia's top emitter AGL Energy expects the popularity of electric cars to accelerate and drive increased consumption of energy that must become green.

AAP

Class action accuses AGL Energy of manipulating electricity prices

AGL Energy has been accused of "gaming" the wholesale electricity market by using bids to inflate power prices and cause higher bills.

The New Daily

AGL accused of manipulating electricity prices

A class action alleges AGL Energy intentionally increased the price of wholesale electricity, hitting consumers with higher power bills.

AAP

Closure of coal-fired Liddell power station as grid goes green

The Liddell power station will be switched off after more than 50 years of service to NSW and the national electricity grid. Thousands of locals have

The New Daily

AGL Energy boss optimistic on fully decarbonised nation

AGL chief executive Damien Nicks is putting a turbulent year behind him and is optimistic the company can spark a fully decarbonised economy.

AAP

Billionaire fires next salvo in AGL stoush

Billionaire Mike Cannon-Brookes is rallying shareholders for a larger board at AGL Energy to speed up the leading electricity firm's exit from coal-fired power.

AAP

AGL to campaign on 'crucial' board vote

AGL Energy has vowed to fight billionaire shareholder Mike Cannon-Brookes' plan to revamp the board of directors ahead of a 'crucial vote' next month.

AAP

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AAP

AGL dismisses billionaire's board overhaul

AGL Energy is preparing for another showdown with billionaire shareholder Mike Cannon-Brookes after largely rejecting his plan for a board renewal.

AAP

AGL catches up to peers with climate plan

Under AGL Energy's first climate transition plan, closing one coal-fired power station a decade early will avoid 200 million tonnes of greenhouse gases.

Newcastle Herald

AGL Energy to accelerate exit from coal

Australia's largest electricity generator AGL Energy - operator of the Liddell and Bayswater power stations in the Hunter Valley - will go "net zero" after abandoning plans to split into two companies.

Benzinga

Investment Giant Brookfield Snaps Up Minority Stake In Australia's AGL Energy

AGL Energy Limited (OTC:AGLNF) confirmed that it had become aware that the Canadian investment firm Brookfield Asset Management (NYSE:BAM) subsidiary bought 17.2 million shares in the Australian energy major, representing 2.56%. AGL said it became aware of the transaction, which occurred late last week, through routine registry analysis responses and acknowledged that the information…

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ABC News

AGL's biggest shareholder, Mike Cannon-Brookes, leaves open possibility of another takeover bid

AGL's biggest shareholder, billionaire businessman Mike Cannon-Brookes, is not ruling out another takeover bid for the energy giant but says he is focused on rebuilding the company for renewable generation.

The Conversation

Australia's biggest carbon emitter buckles before Mike Cannon-Brookes – so what now for AGL's other shareholders?

Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets.

Crikey

Deadly Cannon-Brookes fire: AGL demerger killed, board wrecked as new politics takes hold

The defeat of AGL’s demerger proposal and the clean-out of its board are big wins for opponents of a slower decarbonisation path for the company.

Newcastle Herald

AGL drops plans to split company in two after strong opposition from Mike Cannon-Brookes

AGL Energy is abandoning plans to split into two separate entities after opposition from billionaire Mike Cannon-Brookes.

AAP

AGL cans split plan, leadership to quit

AGL's leadership team will quit after billionaire Mike Cannon-Brookes succeeded in foiling the energy giant's planned demerger.

AAP

AGL demerger 'turd rolled in glitter'

An independent expert has found AGL Energy's demerger is in the best interests of shareholders, but critics say it's in breach of global climate targets.

Crikey

AGL demerger ‘turd rolled in glitter’

An independent expert has found AGL Energy’s demerger is in the best interests of shareholders, but critics say it’s in breach of global climate targets.

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