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The Latest Breaking News from AGL

Loy Yang A’s premature closure puts pressure on renewable energy to replace fossil fuels

AGL is speeding up the closure of one of Australia’s biggest carbon polluting power plants, but a solid replacement is yet to take shape.

The New Daily

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

Energy retailer says it will need to find $20bn to meet its raised goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

The Guardian - AU

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.

AAP

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Cheaper renewables drive coal closures

Environment Minister Tanya Plibersek says the falling cost of renewable energy was one of the factors behind AGL's early closure of coal-fired power.

AAP

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.

Newcastle Herald

AGL announces it will close Loy Yang A power station in Victoria's Latrobe Valley up to 10 years sooner than planned

Energy giant AGL says the Loy Yang A power station in Victoria's Latrobe Valley will now close as early as 2035 after it was initially slated to close a decade later. Experts say shareholders are driving the company towards renewable energy.

ABC News

AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

The Guardian - AU

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Mike Cannon-Brookes to back new AGL board members in bid to clean up climate polluter

Tech billionaire will support four independent non-executive directors to transform the company

The Guardian - AU

Muswellbrook pumped hydro project moves ahead

The transformation of one of Australia's oldest open-cut pits into a 250 megawatt pumped hydro project has been boosted by a $9.45million state government funding injection.

Newcastle Herald

Muswellbrook pumped hydro project gets $9.5m boost

AGL and Idemitsu Australia have received $9.45 million state government funding to progress work on a feasibility for study for the proposed Muswellbrook Pumped Hydro project at Bells Mountain.

Newcastle Herald

Health impacts of coal ash dams in the spotlight

The NSW Environment Protection Authority is reviewing the regulation of the state's ash dams in response to growing concerns about their impact on human and environmental health.

Newcastle Herald

Push for Upper Hunter nuclear power station

Liddell coal-fired power station would be an ideal location to build a nuclear power station, a Senate committee has been told.

Newcastle Herald

Australia's energy crisis makes winners out of fossil fuel exporters and losers of everyone else, expert says

Record high energy prices are proving to be no picnic for the country's biggest power providers. So who is 'making out like a bandit'?

ABC News

AGL takes Newcastle gas storage plant off the market

It came as Australia's largest generator posted a slump in full-year profit amid "unprecedented" market conditions as it continues to search for a new boss.

Newcastle Herald

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AAP

AGL profit falls, CEO search continues

Australia's largest generator AGL Energy has posted a drop in full-year underlying profit after a challenging second half.

ABC News

ASX closes flat, as profit falls at AGL, Ingham's, TPG and others

The Australian share market closes flat as investors digested corporate earnings results, with profits down at AGL, Ingham's and Newcrest and TPG.

The Guardian - AU

Australian electricity companies not reducing emissions in line with Paris agreement goals, study finds

AGL, EnergyAustralia and Origin among businesses study says not on track to meet global climate goals to limit heating to well below 2C

Newcastle Herald

Twiggy's Liddell hydrogen hub moves a step closer to reality

About 1000 new clean energy jobs could be created from a green hydrogen production hub on the site of Liddell Power Station, early research suggests.

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Newcastle Herald

AGL expands scope for Hunter green hydrogen and ammonia feasibility study

The company is looking into the future of its Liddell and Bayswater sites in a project billed as "the first of its kind in Australia".

The New Daily

Australians rush to switch retailers as electricity prices skyrocket

A record number of Australian households switched electricity providers in June as soaring energy prices collapsed retailers.

The Guardian - AU

Lismore residents with flood-damaged homes still received bills from energy companies

Some customers whose homes were uninhabitable for months were billed based on estimated power usage

Newcastle Herald

Toxic habitat: heavy metals found in Hunter birds threat to wildlife

The Hunter Environment Centre is calling for a more thorough investigation of the bio-accumulation of heavy metals in birds living near coal-fired power stations.

Benzinga

Benzinga Before The Bell: Texas Giga Tesla's Output Ramp Up, California's Lithium Tax, Spot Bitcoin ETF Proposal Rejection And Other Top Financial Stories Thursday, June 30

Reuters Hyundai, Affiliates Plan To Set Up New Company In US:

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…

The Guardian - AU

Eastern Australia’s power crisis eases with enough electricity to meet weekend demand

Australian Energy Market Operator says situation has improved ‘markedly’ since Wednesday when entire market was suspended

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