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The Latest Breaking News from AGL

Mike Cannon-Brookes is now AGL's largest single shareholder

AGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder

The Guardian - AU

AGL and NuRock tap into the potential of coal ash recycling

Coal ash is possibly the largest pollution legacy of coal-fired power production in the Hunter yet remarkably it receives relatively little attention in discussions about the region's transition to a clean energy economy.

Newcastle Herald

Bayswater coal ash recycling plan a 'game changer'

AGL Energy has signed an historic agreement with waste site remediation company NuRock to investigate the feasibility of converting millions of tonnes of coal ash at Bayswater power station into into construction bricks.

Newcastle Herald

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Another outage at AGL's Loy Yang station

An electrical fault at AGL's Loy Yang A coal-fired power station has wiped a quarter of its generation capacity, potentially for months.

AAP

Federal government wants to change the rules to draw out the closure of coal fire power stations

AGL would be required to give an extra 18 months notice of its intention to close Bayswater Power Station under a rule change proposed by the federal government.

Newcastle Herald

Switching off: Inside Eraring power station as staff come to terms with its closure

Shock, denial, stress, anger. Workers are struggling to comprehend the early closure of Australia’s largest coal-fired power station and the plan for what comes next.

ABC News

After 50 years of burning coal to generate power, Liddell power station wind-down begins

AGL is closing the first of four units at its Liddell power station in the Hunter Valley today as it develops a low carbon energy hub on the site.

ABC News

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Beginning of the end at Liddell Power Station

The first of Liddell power station's four 500 megawatt turbines will be shut down on Friday, marking a major milestone in the state's clean energy transition.

Newcastle Herald

Russian share market reopens after month-long closure, ASX at two month high

The Russian stock market surges after being closed for a month, and the ASX climbs on higher iron ore prices and a rise on Wall Street.

ABC News

Energy bills are spiking after the Russian invasion. We should have doubled-down on renewables years ago

Russia’s invasion of Ukraine is happening half a planet away from Australia.

The Conversation

Grid-scale battery 'really exciting' option as AGL Liddell power station site winds down — analysts

Plaudits for NSW government's decision to approve a 500MW battery storing solar and wind power on the site of the ageing Liddell coal-fired power station.

ABC News

As more Australians buy electric vehicles, energy companies are finding ways to help the grid cope

As more Australians purchase electric vehicles, the energy industry is looking at how the grid will cope with an increased demand for electricity.

ABC News

Agilon Health's Return On Capital Employed Overview

Benzinga Pro data, Agilon Health (NYSE:AGL) reported Q4 sales of $462.89 million. Earnings fell to a loss of $56.74 million, resulting in a 57.79% decrease from last quarter.

Benzinga

AGL Energy chief executive uncertain if takeover bid is really over

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

The Guardian - AU

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ABC News

Who is Mike Cannon-Brookes: The billionaire tech entrepeneur who tried to buy Australia's biggest energy provider AGL

The 42-year-old Atlassian co-founder has been making headlines trying to execute what he called the biggest decarbonisation project in the world.

AAP

Aussie billionaire pulls plug on AGL buy

AGL has rejected a sweetened takeover bid, putting an end to tech billionaire Mike Cannon-Brookes' dreams of an early exit for coal from the electricity grid.

The Guardian - AU

PM says further assistance coming as ‘rain bomb’ set to cost Queensland billions – as it happened

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ABC News

AGL rejects second takeover bid, with Mike Cannon-Brookes and Brookfield set to walk away

Tech billionaire Mike Cannon-Brookes and his Canadian partners are set to abandon their takeover bid for the energy giant after the electricity company rejected a second $9 billion offer.

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The Guardian - AU

AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover push

Bidders expected to walk away after offer of $8.25 a share rejected by board of Australia’s largest energy company

The Conversation

AGL said no to a $5 billion bid, but it isn't over – here's how takeover bids work

Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.

The Guardian - AU

Queensland floods prompt 1,000 calls for help as heavy rain continues – as it happened

This blog is now closed

The Conversation

Why the Australian government should welcome Mike Cannon-Brookes' plan to takeover AGL

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week:

AAP

AGL Energy warns against rapid coal exit

AGL Energy has warned bill shock and community upheaval will follow a proposed departure from coal-fired electricity generation within eight years.

The New Daily

Alan Kohler: What the takeover bid for AGL is all about

Michael Cannon-Brookes has dug an AGL-sized pit in front of Scott Morrison, which the PM seems quite happy to step into over energy transition.

The Guardian - AU

Scott Morrison says closing coal power stations will drive up electricity prices. Is he right?

Bid by Mike Cannon-Brookes to take over AGL drew some strong words from the prime minister, but do his claims stack up?

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