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The Guardian - AU
The Guardian - AU
Business
Peter Hannam

Amid rush to exit coal, AGL’s challenges are only just beginning

AGL Coal Patricia McKenzie Mike CannonBrookes Damien Nicks Victoria
Chimneys of the Coal-fired power station Loy Yang bellowing steam into the air
By 2035, AGL will shut its 2210-megawatt Loy Yang A power station in Victoria’s Latrobe Valley. By then, Victoria’s electricity sector should be coal-free. Photograph: Asanka Ratnayake/Getty Images

Patricia McKenzie, AGL Energy’s new chair, breezily declared on Thursday “we’re in a very changed world now”, and she wasn’t wrong.

Her 185-year-old company had just announced what might be its last chance at a strategy that services its 4.2m gas and power customers while addressing mounting pressure from shareholders that AGL has a plausible date to exit coal.

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