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AGL Energy Ltd (AGL.AX)

AGL.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Infratil Announces Completion Of Sale Of Perth Energy To AGL
Monday, 2 Sep 2019 

Sept 3 (Reuters) - Infratil Ltd ::COMPLETION OF SALE OF PERTH ENERGY TO AGL.COMPLETION OF SALE HAS RELEASED CO FROM ITS CREDIT SUPPORT OF PERTH ENERGY, WHICH AS AT 31 MARCH 2019 AMOUNTED TO A$64.7 MILLION.  Full Article

Infratil Limited Announces Agreement To Sell Perth Energy To AGL
Wednesday, 7 Aug 2019 

Aug 8 (Reuters) - Infratil Ltd ::INFRATIL LIMITED - AGREEMENT TO SELL PERTH ENERGY TO AGL.INFRATIL EXPECTS TO RECEIVE CASH PROCEEDS OF APPROXIMATELY A$55.0 MILLION FOR ITS 80% SHAREHOLDING.INFRATIL MAY RECEIVE FURTHER SALE PROCEEDS OF UP TO A$14.9 MILLION IN CASH WITHIN THREE YEARS.AS AT 31 MARCH 2019, INFRATIL'S BOOK VALUE FOR PERTH ENERGY WAS NZ$89.3 MILLION.SALE IS CURRENTLY EXPECTED TO GIVE RISE TO A LOSS ON DISPOSAL OF NZ$33.0 MILLION.SALE COMPLETION WILL ALSO RELEASE INFRATIL FROM ITS CREDIT SUPPORT OF PERTH ENERGY, WHICH AS AT 31 MARCH 2019 AMOUNTED TO A$64.7 MILLION.SALE COMPLETION WILL ALSO RELEASE INFRATIL FROM ITS CREDIT SUPPORT OF PERTH ENERGY.  Full Article

Aer Commences Legal Proceedings In South Australia
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - AGL Energy Ltd ::AER COMMENCES LEGAL PROCEEDINGS IN SOUTH AUSTRALIA-AGL.AX.ALLEGATIONS RELATE TO PERFORMANCE OF WIND FARMS OPERATED BY AGL IN SOUTH AUSTRALIA ON 28 SEPTEMBER 2016.ALLEGATIONS RELATE TO RESPONSE OF HALLETT 1, HALLETT 2, NORTH BROWN HILL AND BLUFF WIND FARMS DURING WEATHER EVENT.  Full Article

AGL Energy Says First Two Torrens A Units Will Be Closed In Sept 2020
Friday, 2 Aug 2019 

Aug 2 (Reuters) - AGL Energy Ltd ::FIRST TWO TORRENS A UNITS WILL BE CLOSED IN SEPTEMBER 2020 .SEEKING PERMISSION FOR TORRENS A FROM STATE GOVERNMENT TO CONTINUE TO OPERATE OVER UPCOMING SUMMER .FIRST UNIT AT LIDDELL WILL CLOSE IN APRIL 2022.CURRENTLY INVESTIGATING FEASIBILITY OF A 250MW PUMPED HYDRO PLANT AT KANMANTOO.REMAINING THREE LIDDELL UNITS WILL CLOSE IN APRIL 2023 SUPPORTING SYSTEM RELIABILITY THROUGHOUT 2022-23 SUMMER.AGL HAS ALSO INFORMED AEMO OF CLOSURE SCHEDULE FOR TORRENS A, WHICH IS MORE THAN 50 YEARS OLD.THIRD TORRENS A UNIT WILL BE CLOSED IN SEPTEMBER 2021 AND FINAL UNIT IN SEPTEMBER 2022.AGL'S NEW 210MW GAS-FIRED BARKER INLET POWER STATION WILL BE OPERATING FROM NOVEMBER 2019.CURRENTLY INVESTIGATING FEASIBILITY OF A 250MW PUMPED HYDRO PLANT AT KANMANTOO.  Full Article

ACCC To Enforce New Rules For Electricity Retailers
Monday, 1 Jul 2019 

July 1 (Reuters) - Australian Competition & Consumer Commission (ACCC): :TO ENFORCE NEW RULES FOR ELECTRICITY RETAILERS.FROM 1 JULY 2019, PRICES WILL DECREASE FOR CUSTOMERS WHO HAVE BEEN PAYING EXCESSIVELY HIGH STANDING OFFER PRICES.AUSTRALIAN ENERGY REGULATOR SET MAXIMUM ALLOWABLE PRICES FOR STANDING OFFERS & ACCC TO ENSURE RETAILERS ARE NOT CHARGING MORE THAN ALLOWED.  Full Article

AGL Energy Expects First Gas From Proposed AGL Gas Import Jetty To Be Delivered In H2 FY22
Thursday, 27 Jun 2019 

June 28 (Reuters) - AGL Energy Ltd ::EXPECTS FIRST GAS TO BE DELIVERED FROM PROPOSED AGL GAS IMPORT JETTY AT CRIB POINT IN VICTORIA IN SECOND HALF OF FY22.NEW TIMETABLE FOLLOWS CO'S DECISION TO SELECT HOEGH ESPERANZA AS FLOATING STORAGE AND REGASIFICATION UNIT FOR CRIB POINT PROJECT.  Full Article

AGL Energy To Cease Undertaking Due Diligence On Vocus Group
Monday, 17 Jun 2019 

June 17 (Reuters) - AGL Energy Ltd ::TO CEASE UNDERTAKING DUE DILIGENCE ON VOCUS GROUP LIMITED (VOCUS).DETERMINED TO WITHDRAW ITS NON-BINDING, INDICATIVE PROPOSAL TO ACQUIRE VOCUS.  Full Article

AGL Energy Says Co To Conduct Due Diligence On Vocus
Monday, 10 Jun 2019 

June 11 (Reuters) - Agl Energy Ltd ::AGL TO CONDUCT DUE DILIGENCE ON VOCUS.INITIAL ASSESSMENT IS THAT TRANSACTION WOULD BE ACCRETIVE TO AGL'S EARNINGS PER SHARE IN FIRST 12 MONTHS POST ACQUISITION.  Full Article

Cooper Energy Signs Of New Gas Supply Agreements With AGL Energy
Tuesday, 4 Jun 2019 

June 5 (Reuters) - Cooper Energy Ltd ::SIGNS OF NEW GAS SUPPLY AGREEMENTS WITH AGL ENERGY FROM ITS SOLE (GIPPSLAND BASIN) AND CASINO HENRY (OTWAY BASIN) GAS OPERATIONS.AGL ENERGY HAS CONTRACTED TO TAKE A SHARE OF 2019 CALENDAR YEAR PRODUCTION FROM SOLE, INCLUSIVE OF COMMISSIONING GAS.AGL ENERGY HAS CONTRACTED TO TAKE 100% OF COOPER ENERGY'S SHARE OF GAS PRODUCTION FROM CASINO HENRY FOR 2020 CALENDAR YEAR.AGL ENERGY HAS CONTRACTED TO TAKE 100% OF COOPER ENERGY'S SHARE OF GAS PRODUCTION FROM CASINO HENRY FOR 2020 CY.AGL ENERGY HAS CONTRACTED TO TAKE UP TO 4 PJ FROM SOLE FOR PERIOD 1 JANUARY 2020 TO 30 APRIL 2020.  Full Article

AGL energy Says It Has Withdrawn Indicative Offer For Vocus Group
Thursday, 30 May 2019 

May 31 (Reuters) - AGL Energy Ltd ::RECENTLY CONTACTED VOCUS WITH A CONFIDENTIAL, NON-BINDING INDICATIVE OFFER.AGL HAS NOW WITHDRAWN THIS NON-BINDING INDICATIVE OFFER AFTER BEING UNABLE TO AGREE DUE DILIGENCE TERMS THAT WERE ACCEPTABLE TO AGL.OFFER WAS SEEKING ACCESS TO DUE DILIGENCE MATERIALS SO AGL COULD DETERMINE WHETHER TO MAKE A BINDING OFFER FOR VOCUS.  Full Article