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The Latest Breaking News from Graeme Hunt

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 · Aug 19, 2022

‘Bloodbath’: Scrapped AGL demerger clears way for faster coal closures

Australia’s largest energy retailer AGL sparked a “bloodbath” on Monday after plans to demerge the company to tackle climate change were suddenly scrapped.

The New Daily · May 30, 2022

AGL's biggest shareholder, Mike Cannon-Brookes, leaves open possibility of another takeover bid

AGL's biggest shareholder, billionaire businessman Mike Cannon-Brookes, is not ruling out another takeover bid for the energy giant but says he is focused on rebuilding the company for renewable generation.

ABC News · May 30, 2022

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AGL’s coal implosion shows what a disorderly transition to clean energy looks like

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The Guardian - AU · May 30, 2022

Australia's biggest carbon emitter buckles before Mike Cannon-Brookes – so what now for AGL's other shareholders?

Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets.

The Conversation · May 30, 2022

AGL Energy abandons plans to demerge coal generation business

AGL Energy abandons its plans to demerge its coal-focused generation business and announces its chief executive Graeme Hunt and chairman Peter Botten will leave the company.

ABC News · May 29, 2022

AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The Guardian - AU · May 6, 2022

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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 · Mar 7, 2022

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