THE NSW Minerals Council has questioned how the rise in power bills can be blamed on coal costs after revelations that power station operator AGL has been paying a reported $33 a tonne for most of its coal.
AGL, which runs Liddell and Bayswater power stations in the Hunter and Loy Yang in Victoria, had a hard day on the stockmarket yesterday, with its share price falling 89 cents to $7.12 after reporting a statutory half-year loss of almost $1.1 billion despite a 36.7 per cent rise in revenues to more than $7.8 billion.
