Table of Contents
Table of Contents 2
List of Tables 11
Company Snapshot 13
Key Information 13
Company Overview 13
SWOT Snapshot 13
Operational Metrics 14
AGL Energy Ltd, Operational Metrics, By Capacity 14
AGL Energy Ltd, Operational Metrics, By Generation 14
AGL Energy Ltd, Operational Metrics, By Customers 14
AGL Energy Ltd, Operational Metrics, By Sales 14
AGL Energy Ltd, Wind Farms 15
AGL Energy Ltd, Wind Farms, Australia 15
AGL Energy Ltd, Solar PV Parks 18
AGL Energy Ltd, Solar PV Parks, Australia 18
AGL Energy Ltd, Solar Thermal Plants 19
AGL Energy Ltd, Solar Thermal Plants, Australia 19
AGL Energy Ltd, Hydro Power Plants 20
AGL Energy Ltd, Hydro Power Plants, Australia 20
AGL Energy Ltd, Biopower Plants 21
AGL Energy Ltd, Biopower Plants, Australia 21
AGL Energy Ltd, Thermal Power Plants 22
AGL Energy Ltd, Thermal Power Plants, Australia 22
Business Description 23
Business Overview 23
Major Products and Services 24
History 25
SWOT Analysis 35
Overview 35
AGL Energy Ltd Strengths 35
Business Performance: Energy Markets 35
Dominant Market Position 35
AGL Energy Ltd Weaknesses 35
Working Capital Deficit 35
AGL Energy Ltd Opportunities 36
Positive Outlook for Renewable Energy: Australia 36
Growing Demand for Electricity: Australia 36
Strategic Initiatives 36
AGL Energy Ltd Threats 36
Volatility in Electricity Prices 36
Seasonal Variations and Climate Conditions 36
Highly Competitive Market 37
Financial Ratios – Capital Market Ratios 38
Financial Ratios – Annual Ratios 38
Financial Ratios – Interim Ratios 40
Key Employees 41
Key Employee Biographies 42
Company Statement 43
Locations And Subsidiaries 44
Head Office 44
Other Locations & Subsidiaries 44
Financial Deals Landscape 47
AGL Energy Ltd, Deals Summary 47
AGL Energy Ltd, Power, Deal Details 49
Asset Transactions 49
AGL Energy to Invest USD220.2 Million in Barker Inlet Power Station in Adelaide, Australia 49
AGL Energy Acquires 14.03% Stake In Loy Yang A Coal Fired Power Plant In Victoria, Australia From Ratch-Australia For US$122.1 Million 50
AGL Energy Acquires Additional 67.5% Stake In Great Energy From TEPCO For US$478 Million In Victoria 51
AGL Energy Completes Acquisition of Silverton Wind Farm in New South Wales, Australia from EPURON and Macquarie Capital Wind Fund 52
AGL Energy Invests Completes Project Financing for Nyngan Solar Power Project in New South Wales, Australia 53
AGL Energy Completes Project Financing for Broken Hill Solar Power Project in New South Wales, Australia 54
Meridian Energy And Macarthur Wind Farm Completes Project Financing Of US$480.6 Million For Refinancing Macarthur Wind Farm In Australia 55
Meridian Energy And AGL Energy Complete Project Financing Of US$410 Million For Macarthur Wind Power Project In Australia 56
AGL Energy Receives Grant Of US$128.3 Million For Two Solar Power Projects In New South Wales, Australia 57
Venture Financing 58
Advanced Microgrid Solutions Raises USD34 Million in Series B Round of Financing 58
Solar Analytics Raises USD3.3 Million in Series A Financing 60
Sunverge Energy Raises USD36.5 Million in Series C Venture Financing 61
Partnerships 62
QIC Enters into Partnership with AGL 62
Equity Offering 63
AGL Energy Raises USD1 Billion in Rights Offering Of Shares 63
Torrens Energy Announces Private Placement Of Shares For Up To US$3 Million 65
Torrens Energy Completes Private Placement Of Shares For US$0.6 Million 67
AGL Energy Completes Private Placement Of Shares For US$48 Million 69
AGL Energy Completes Institutional Entitlement Offering Of Shares For US$357 Million 70
Australian Power And Gas Company Completes Private Placement For US$5.3 Million 72
Debt Offering 74
AGL Energy Prices Public Offering of 5% Notes Due 2021 for USD531.8 Million 74
AGL Energy Completes Public Offering Of Notes Due 2039 For US$695 Million 75
Asset Transactions 77
Powering Australian Renewables Fund Acquires Coopers Gap Wind Farm Project in Brisbane, Australia from AGL Energy for USD17.3 Million 77
Powering Australian Renewables Fund Completes Project Financing for Acquisition of Silverton Wind Farm in Australia from AGL Energy for USD27.17 Million 79
Powering Australian Renewables Fund Completes Project Financing for Acquisition of Nyngan and Broken Hill Solar Power Plants in Australia, from AGL Energy for USD193.8 Million 80
APA Completes Acquisition of Remaining 50% Stake in Diamantina and Leichhardt Gas Fired Power Stations in Australia from AGL Energy for USD151 Million 81
H.R.L. Morrison Completes Acquisition of 50% Stake in Macarthur Wind Farm in Western Victoria, Australia from AGL Energy for USD416.2 Million 82
Eurus Energy Acquires Hallett 5 Wind Farm From AGL Energy For US$174.4 Million In Australia 83
AGL Energy To Sell Oaklands Hill Wind Power Project 84
Acquisition 85
Ausgrid to Acquire Active Stream from AGL Energy 85
AGL Energy Completes Acquisition of Acquire Macquarie Generation for USD1.3 Billion 86
AGL Energy Completes Acquisition Of 98.18% Stake In Australian Power & Gas Company 88
Nippon Gas Acquires 6% Stake In Australian Power and Gas Company 90
Recent Developments 92
AGL Energy Ltd – Recent Developments 92
Feb 07, 2012: Australia To Seek Updated Applications From Four Shortlisted Round 1 Solar Flagship PV Applicants 92
Mar 09, 2015: AGL Sells Gas Exploration Licence On Central Coast 92
Dec 16, 2010: L&M Energy And Mosaic Oil Win Kahili Permit In Tarnaki Basin, New Zealand 93
Mar 05, 2008: AGL Wins Rights To Build Third Wind Farm In South Australia 93
Aug 18, 2017: AGL secures funding from PARF for 453MW Coopers Gap wind farm project 93
May 26, 2017: AGL and Air Liquide partner to reduce carbon emissions from Torrens Island power station 94
Nov 01, 2016: AGL delivers solar benefits and savings to NSW customers in $1 million clean energy pilot 94
Jul 26, 2016: QIC Enters Strategic Renewable Energy Partnership With AGL 95
Feb 26, 2016: AGL and Dairy Connect partnership to cut energy costs and improve sustainability for NSW dairy farmers 96
Feb 24, 2016: AGL to power the ‘Tahs 96
Feb 04, 2016: AGL Energy Announces Review Of Gas Assets And Exit Of Gas Exploration And Production 97
Sep 24, 2015: Caltex Pumps Up Customer Choice With CNG 98
Sep 16, 2015: AGL affirms plan for desalination and beneficial reuse, in updated water strategy 98
Jul 28, 2015: AGL’s new Melbourne office officially opened 99
Jun 12, 2015: AGL Storage Facility Improves Security Of Gas Supply For NSW Customers 99
Jun 04, 2015: AGL and Air Liquide partner to reduce carbon emissions 100
May 26, 2015: AGL outlines strategic roadmap to deliver improved shareholder returns 100
May 19, 2015: Jemena Expands Eastern Gas Pipeline To Deliver More Gas To NSW And ACT From 2016 101
Feb 18, 2015: AGL CEO Announces Review Of Upstream Gas Business 102
Oct 19, 2012: AGL Energy Suspends First Stage Of Dalton Power Station In New South Wales 102
Mar 10, 2011: AGL Energy Announces Plans To Construct Co-Generation Facility For Qenos In Victoria, Australia 102
Nov 22, 2010: AGL Energy Estimates $347 Million As Construction Cost For 100MW Solar Power Plant Near Nyngan, Australia 103
Sep 09, 2010: Bovis Lend Lease And AGL Energy Sign Strategic Alliance Agreement For First Solar Thin Film Technology In Australia 103
Mar 01, 2010: AGL to enter conditional arrangements to construct Macarthur wind farm 104
Feb 26, 2010: AGL To Construct Hallett 5 Wind Farm To Meet Renewable Energy Supply Contracts 104
Jan 08, 2010: AGL To Commence Construction Of $500 Million Gas-Fired Power Plant In Victoria, Australia 104
Dec 23, 2009: AGL Energy May Reconsider Its Commitment To Build AUD800 Million Macarthur Wind Farm In Western Victoria 105
Aug 24, 2009: AGL Energy To Develop $7 Billion Renewable Energy Projects 105
Oct 22, 2008: Better Place Partners With AGL And Macquarie To Build EV Infrastructure In Australia 106
Mar 14, 2008: Exxon Mobil Enters LNG Agreement 106
Nov 05, 2007: AGL To Build Hallett Wind Farm In South Australia 106
Jul 13, 2007: AGL Signs Agreement With Epic Energy 107
Jul 02, 2007: AGL Enters LNG Project Study In PNG 108
Oct 05, 2011: Galilee Energy Announces Gas Discovery At Galilee Basin In Australia 108
Sep 19, 2012: AGL Energy Resumes Drilling For Gloucester Gas Project 109
Dec 07, 2011: AGL Energy Defers Drilling Exploration Program 109
Sep 28, 2011: AGL Energy Commences Oil Drilling Program At ATP 1056P In South-West Queensland 110
Jun 30, 2011: Galilee Energy Announces First Resource Estimation For Galilee Gas Project 110
Jul 16, 2010: Galilee Energy Advances Evaluation Work At ATP 529P In Galilee Basin, Queensland 110
Dec 21, 2009: Galilee Energy Provides Operations Update 111
Nov 23, 2009: AGL Energy Provides CSG Drilling Programme Update 111
Nov 05, 2009: AGL Energy Completes Drilling Merninie 2 CSG Well In Cooper Basin, Australia 111
Oct 28, 2009: Galilee Energy Updates On ATP 529P And ATP 799P Permits In Galilee Basin, Australia 112
Oct 20, 2009: Galilee Energy Updates On ATP 529P And ATP 799P Permits In Galilee Basin, Australia 112
Oct 19, 2009: Torrens Energy Completes Validation Drilling At Parachilna Geothermal Play In South Australia 112
Oct 15, 2009: AGL Energy Begins CSG Drilling Programme In Cooper Basin, Australia 115
Sep 11, 2009: AGL Energy Updates On Its CSG Drilling Programme In Cooper Basin, Australia 115
Aug 10, 2017: AGL FY17 Results And FY18 Earnings Guidance 115
Feb 09, 2017: AGL reports 4 percent growth in Underlying Profit after tax in first half of FY17 116
Aug 10, 2016: AGL reports 11% increase in Underlying Profit 117
Apr 26, 2016: Cooper Energy Reports Quarterly Results 2016 118
Feb 29, 2016: Galilee Energy Provides Consolidated Financial Statements For The Half-year Ended 31 December 2015 119
Feb 10, 2016: AGL reports 24 percent Underlying Profit growth 123
Sep 30, 2015: AGL Energy: 2016 Earnings Guidance 124
Aug 12, 2015: AGL Reports 12.1% Increase In FY15 Underlying Profit After Tax 125
Feb 11, 2015: AGL reports Underlying Profit increase of 24.8 percent 126
Sep 22, 2014: AGL Energy Dividend Reinvestment Plan 127
Aug 20, 2014: AGL reports solid result in soft demand conditions 127
Aug 20, 2014: AGL Dividend Reinvestment Plan 128
Jul 17, 2014: AGL Energy: FY14 Underlying Profit and FY15 Outlook Update 128
Apr 04, 2014: AGL Dividend Reinvestment Plan 129
Feb 26, 2014: AGL : 2014 Interim Results 129
Oct 23, 2013: AGL Energy : 2014 Earnings Guidance 130
Aug 28, 2013: AGL reports strong growth in FY13 Underlying Profit and Operating cash flow 131
Jul 29, 2013: Webcast and Conference Call details for 2013 Full Year Results release 131
Feb 27, 2013: AGL reports 20 per cent underlying earnings growth post acquisition of Loy Yang A power station 132
Aug 22, 2012: AGL Energy Reports Revenue Of AUD7.5 Billion In Fiscal 2012 133
Feb 24, 2012: AGL Energy Reports Revenue Of AUD3.6 Billion In H1 Fiscal 2012 134
Aug 25, 2011: AGL Energy Reports Revenue Of AUD7.1 Billion In Fiscal 2011 134
Aug 20, 2009: AGL Energy Reports Revenues Of $6 Billion In Fiscal 2009 135
Feb 25, 2009: AGL Energy Reports H1 Fiscal 2009 Results 137
Feb 25, 2009: AGL Energy Declares Interim Dividend 138
Dec 18, 2008: AGL Announces Upgrade To Fiscal 2009 Profit Guidance 139
May 12, 2008: AGL Declares Fiscal Year 2008 Earnings Guidance 139
Nov 20, 2017: Australian coal-fired plant in life-extension controversy 139
Oct 31, 2017: Australia’s AGL Seeks Mix Of LNG Imports From 2020 139
Oct 16, 2017: AGL’s Gas Import Plans Explained 139
Oct 13, 2017: AGL Regrets Gas Sales To GLNG 139
Sep 22, 2017: Joyce Backs Gas Pipeline From WA To East Coast 140
Sep 06, 2017: AGL Energy statement on Liddell Power Station 140
Sep 01, 2017: Silverton Wind Farm community meeting on 19 September 140
Aug 29, 2017: Cooper Energy: Sole Gas Project Final Investment Decision 140
Aug 29, 2017: Cooper Energy: Finance Package Secures Sole FID And Funds Gas Capex 141
Aug 18, 2017: AGL Energy to start construction on $850m wind farm in Australia 143
Aug 17, 2017: All turbines go for Coopers Gap Wind Farm, set to be Australia’s largest 143
Aug 14, 2017: NSW Business Chamber: Planning Certainty Essential For Energy Project 144
Aug 11, 2017: Australia’s biggest wind farm is also its least productive 145
Jul 11, 2017: TransCanada Joins Energy Impact Partners Global Utility Coalition 145
Jul 05, 2017: AGL Energy Delays Decision On Floating Gas Import Terminal 145
Jun 27, 2017: Gas Explosion Occurs Between Western Port To Melbourne 146
Jun 26, 2017: Nyngan Solar Plant viewing platform officially opened: AGL 146
Jun 21, 2017: AGL: Increases in feed-in-tariffs for rooftop solar 146
Jun 21, 2017: Graeme Hunt to succeed Jerry Maycock as AGL Chairman 147
Jun 15, 2017: Victoria Plans To Build Offshore Gas Depot 147
Jun 09, 2017: AGL responds to Finkel blueprint 147
Jun 07, 2017: AGL announces development of $295 million power station in South Australia 148
Jun 05, 2017: AGL Gas Import Terminal Plan Draws Global Interest 148
Jun 01, 2017: AGL granted permit to build up to 115 wind turbines at Coopers Gap 148
May 26, 2017: AGL tests solar energy trading technology 149
May 26, 2017: Australian Renewable Energy Agency supports blockchain-inspired energy trading trial 149
May 24, 2017: AGL makes Executive Team appointments 150
May 24, 2017: ARENA: Power trading between neighbours trialled in new pilot 151
May 24, 2017: AGL promotes CIO to executive team 151
May 22, 2017: AWE Spuds Waitsia-3 Appraisal Well 151
May 11, 2017: AGL hosts Coopers Gap Wind Farm community meeting 152
May 10, 2017: Stephen Mikkelsen to step down from AGL 153
May 04, 2017: AGL response to proposed industrial action at Loy Yang 153
Apr 26, 2017: AGL Energy: Maintenance outage underway at Bayswater power station 153
Apr 04, 2017: Iona Gas Plant Owner Backs Pipeline Expansion 154
Mar 29, 2017: AGL introduces Silverton Wind Farm construction contractor 154
Mar 17, 2017: AGL announces ‘A Fairer Way’ package for vulnerable customers 155
Mar 16, 2017: AGL seeks extension of Dalton approval 155
Mar 16, 2017: AGL’s virtual power plant goes live in Adelaide 156
Mar 10, 2017: AGL Loy Yang first to sign on to Latrobe Valley Worker Transfer Scheme 157
Mar 10, 2017: Australia PM Leaves Open Reserving Gas Supplies For Domestic Industry 157
Mar 02, 2017: AGL welcomes EIS approval of Coopers Gap 157
Feb 27, 2017: Cooper Energy Announces Advancement Of Sole Gas Project 157
Feb 10, 2017: Two units shut down at Liddell Power Station in New South Wales, Australia 159
Feb 09, 2017: AGL Coopers Gap Wind Farm steps forward 160
Jan 12, 2017: AGL notified Loy Yang Enterprise Agreement termination application has been granted 160
Jan 11, 2017: AGL: Variation To AGL Environment Protection Licence 160
Dec 23, 2016: AGL receives PAC approval for Silverton Wind Farm 161
Dec 20, 2016: AGL receives notice of proposed industrial action from ETU 161
Dec 15, 2016: AGL’s virtual power plant receives first batteries in Australia 161
Dec 15, 2016: CFMEU withdraws proposed industrial action 162
Nov 22, 2016: AGL remains committed to Coopers Gap Wind Farm 162
Nov 14, 2016: AGL accelerates innovation program with commitment to Energy Impact Partners 163
Nov 14, 2016: AGL Energy To Import LNG To Southeastern Australia From 2021 163
Nov 10, 2016: AGL launches market-leading $1 a day electric car energy plan 163
Oct 31, 2016: Union action takes state closer to power disruption 164
Oct 13, 2016: AGL invites community to information sessions on Coopers Gap Wind Farm 164
Oct 11, 2016: AGL installs largest solar PV system at an Australian winery 164
Oct 06, 2016: AGL confirms operations in accordance with AEMO requirements 165
Sep 29, 2016: AGL Energy: Update on South Australia power outage 165
Sep 28, 2016: AGL provides FY17 earnings guidance 166
Sep 28, 2016: Peter Botten to join AGL Board 166
Sep 21, 2016: AGL encourages community to have their say on Coopers Gap Wind Farm 166
Sep 08, 2016: AGL supports Victorian Government TAKE2 Pledge on climate change 167
Aug 25, 2016: AGL continues to progress Coopers Gap Wind Farm 167
Aug 19, 2016: AGL comments on recent market events in South Australia 168
Aug 15, 2016: AGL’s Victorian wind farms host interstate community tours 168
Aug 12, 2016: AGL update on Portland hedging contract 169
Aug 10, 2016: AGL appoints Elisabeth Brinton to run New Energy business 169
Aug 10, 2016: Diane Smith-Gander to join AGL Board 170
Aug 10, 2016: AGL issues 2016 Sustainability Report 170
Aug 05, 2016: AGL launches world’s largest solar virtual power plant battery demonstration to benefit customers 171
Jul 27, 2016: QIC and Future Fund join AGL in renewable energy fund 172
Jul 27, 2016: AGL to update the community on the proposed Silverton Wind Farm 173
Jul 11, 2016: Fair Work Commission orders CFMEU and members of the workforce back to work 173
Jul 07, 2016: AGL Update On FY17 Gas Portfolio Margins 174
Jul 04, 2016: Australia’s AGL Energy likely to complete Coopers Gap wind farm by 2020 174
Jun 30, 2016: AGL announces new General Manager, Capital Markets 174
Jun 29, 2016: AGL to update the community on Coopers Gap Wind Farm 175
Jun 20, 2016: Fair Work Commission determines process to progress AGL Loy Yang Enterprise Agreement 175
Jun 07, 2016: AGL Coopers Gap Wind Farm declared a Coordinated Project 175
Jun 06, 2016: AGL defers mothballing of South Australian generating units 176
May 24, 2016: Community open day at AGL’s Broken Hill solar plant attracts hundreds from around the region 176
May 19, 2016: AGL’s Broken Hill solar plant open to the community 176
Apr 27, 2016: AGL continues to progress Silverton Wind Farm 177
Apr 20, 2016: Demystifying utility-scale battery storage: Arena 177
Mar 20, 2016: AGL advises Liddell Power Station outage 178
Mar 17, 2016: AGL maintains commitment to Coopers Gap Wind Farm 178
Mar 11, 2016: AGL trials impacts of emerging technologies on grid and energy bills 179
Feb 26, 2016: AGL remains committed to Silverton Wind Farm 179
Feb 26, 2016: AGLs General Manager Capital Markets departs 180
Feb 10, 2016: Residential battery storage in Australia gets big boost 180
Feb 10, 2016: AGL tests the wind with new renewable energy fund 180
Feb 10, 2016: Diversified Completes Jackson To Moomba: On Time…On Budget…And Carbon Offset 181
Feb 08, 2016: AGL Energy schedules public meeting for Silverton wind project in New South Wales 181
Jan 20, 2016: AGL’s Nyngan and Broken Hill solar plants officially opened 181
Jan 18, 2016: Jacqueline Hey to join AGL Board 182
Dec 14, 2015: EGM New Energy to leave AGL for CEO position at Genesis 183
Dec 01, 2015: AGL Secures Long-Term Gas Storage Rights: 1 December 2015 183
Nov 10, 2015: AGL appoints EGM Group Operations 183
Nov 05, 2015: AGL continues to lead Australian market with expanded residential energy storage range 183
Oct 16, 2015: Newcastle Gas Storage Facility Supplies First Gas For NSW Network 184
Oct 15, 2015: AGL fully commissions Broken Hill solar plant in New South Wales 185
Oct 12, 2015: Final modules installed at AGL’s Broken Hill Solar Plant 186
Oct 09, 2015: AGL Energy appoints new chief information officer 186
Oct 09, 2015: AGL Energy Announces Change To Company Secretary 186
Oct 08, 2015: AGL Secures Long-term Gas Storage Rights 186
Sep 29, 2015: AGL appoints new Chief Information Officer 187
Sep 25, 2015: AGL adopts ‘We Mean Business’ commitments 187
Sep 17, 2015: AGL’s Broken Hill Solar Plant starts generating renewable energy 187
Sep 17, 2015: Broken Hill solar plant feeds renewable energy into the grid for the first time 188
Sep 08, 2015: AGL opens second round funding for Broken Hill Solar Plant Construction Community Fund 189
Aug 10, 2015: AGL Energy: Newcastle Gas Storage Facility Ships Its First Load Of Liquefied Natural Gas 189
Jul 09, 2015: AGL announces additional support for vulnerable customers 190
Jul 08, 2015: Incitec Pivot: Moranbah Update 190
Jul 06, 2015: AGL: Upstream Gas Review Results In Asset Impairments Of Circa $435 Million After Tax FY15 Underlying Profit Guidance Unchanged 191
Jun 30, 2015: Half of the modules installed at AGL’s Broken Hill Solar Plant 192
Jun 30, 2015: AGL makes solar more affordable for Queenslanders 192
Jun 09, 2015: AGL’s Nyngan Solar Plant achieves full generation 193
Jun 09, 2015: Executive appointments – Stakeholder Relations, People & Culture, and Company Secretary 194
May 05, 2015: First modules installed at AGL’s Broken Hill Solar Plant 194
May 05, 2015: AGL appoints CFO to head IT 195
May 04, 2015: AGL Executive appointments announced 195
May 01, 2015: AGL is first major retailer to launch battery storage 195
Apr 27, 2015: AGL releases a new mobile app to give customers more control over energy bills 196
Apr 17, 2015: CEO installs final modules at AGL’s Nyngan Solar Plant 196
Apr 17, 2015: AGL policy to provide pathway to decarbonisation of electricity generation 197
Apr 16, 2015: Changes to AGL’s leadership structure to meet future industry challenges 198
Apr 16, 2015: AGL’s CSG irrigation program successfully completed 198
Apr 02, 2015: First Gas Arrives At AGL’s Newcastle Gas Storage Facility 199
Mar 30, 2015: AGL welcomes AEMC draft changes to the National Electricity 199
Mar 27, 2015: Sunshine State home to largest solar PV research facility in the southern hemisphere 199
Mar 21, 2015: AGL’s Nyngan Solar Plant starts generating renewable energy 200
Mar 05, 2015: AGL’s Nyngan Solar Plant turns one million 201
Mar 05, 2015: AGL accepts result of EPA investigation at Spring Farm 201
Feb 17, 2015: AGL Energy Services granted an individual exemption for the sale of electricity 202
Feb 12, 2015: Local groups benefit from latest round of AGL’s Macarthur Wind Farm Community Fund 202
Feb 09, 2015: Local projects share in $25,000 AGL Broken Hill Solar Plant Construction Community Fund 202
Feb 02, 2015: AGL on track to deliver Australia’s largest solar plants 203
Jan 30, 2015: AGL commits to power Melbourne’s iconic Nylex sign 204
Jan 27, 2015: AGL voluntarily suspends Waukivory Pilot Project 204
Jan 12, 2015: AGL to provide free electricity on Saturdays 205
Jan 12, 2015: Summer savings for Queenslanders with AGL 205
Jan 07, 2015: AGL appoints McCann as its new agency 206
Dec 18, 2014: AGL’s Group General Manager Of Upstream Gas To Retire 206
Dec 16, 2014: Federal Court finds AGL SA made false or misleading representations about discounts under energy plans 206
Dec 16, 2014: AGL Has No Unhedged Exposure To Oil-Linked Gas Sales Contracts 207
Dec 15, 2014: AGL commits $6 million to support its most vulnerable customers 207
Dec 12, 2014: AGL Releases 2014 Sustainability Performance Report 208
Dec 10, 2014: AGL to mothball South Australian generating units 208
Dec 09, 2014: Local community tours Nyngan Solar Plant 208
Dec 08, 2014: AGL encourages applications for Broken Hill Solar Plant Construction Community Fund 209
Dec 03, 2014: Diamantina Power Station Opening 209
Dec 01, 2014: Summer energy saving tips for Victorian households 210
Nov 18, 2014: AGL Board Appoints Andrew Vesey As New CEO 210
Nov 13, 2014: AGL Releases Gas Productivity Modelling Tool To Deliver Energy Efficiency Options For Businesses 211
Nov 13, 2014: AGL welcomes NSW Government’s Gas Plan 212
Nov 04, 2014: AGL receives green light to commence construction at Broken Hill Solar Plant 212
Sep 19, 2014: AGL Power station project a boost for region and State 213
Aug 20, 2014: AGL Annual Reserves Assessment 214
Aug 06, 2014: AGL’s Gloucester Gas Exploration Pilot Approved 214
Jul 30, 2014: AGL installs first modules at Australia’s largest solar plant 214
Jul 30, 2014: AGL announces desalination for produced water in Gloucester 215
Jul 29, 2014: New 3D rooftop modelling tool highlights solar savings 215
Jul 22, 2014: AGL Energy receives planning consent for 53MW solar project in New South Wales, Australia 216
Jul 18, 2014: AGL starts construction at Broken Hill Solar Plant 216
Jun 26, 2014: Ms Vikki Shizas appointed additional Company Secretary until 18 July 2014 217
Jun 23, 2014: AGL confirms households will receive price reductions following carbon repeal 217
Jun 20, 2014: AGL acts to improve compliance at Camden 217
Jun 02, 2014: AGL hosts Nyngan Solar Plant Community Consultative Committee meeting as project progresses 218
May 16, 2014: Victorian first to deliver $150,000 in energy savings 218
May 14, 2014: AGL Energy Managing Director and CEO to retire 30 June 2015 219
Apr 30, 2014: AGL kicks off Broken Hill Solar Plant Community Consultative Committee 220
Apr 10, 2014: AGL raises the roof on the Newcastle Gas Storage Facility 220
Apr 09, 2014: AGL’s Macarthur Wind Farm keeps locals in the region 221
Mar 31, 2014: Galilee Energy: Glenaras Pilot Recompletion And Restart 222
Mar 26, 2014: AGL Gloucester project will produce gas in NSW, for NSW 222
Mar 17, 2014: NSW faces gas supply shortages from winter 2016, economic paper confirms (Gloucester) 223
Mar 15, 2014: AGL paper concludes potential gas shortages from winter 2016 224
Mar 03, 2014: Galilee Energy: Glenaras Pilot Review Completed 224
Jan 29, 2014: Construction begins on Australia’s largest solar power station 225
Jan 10, 2014: AGL to build new gas pipeline 225
Jan 09, 2014: Essential underground gas pipeline will deliver gas to NSW homes and businesses 226
Jan 09, 2014: Welcome to new AGL Community Relations Manager in Gloucester 226
Nov 29, 2013: AGL Energy : Urgent action needed to avoid NSW gas shortage 227
Nov 29, 2013: Construction schedule is on track for AGL Energy’s Nyngan Solar Plant 227
Nov 11, 2013: AGL’s Waukivory Pilot Program to build on environmental profile of Gloucester 228
Oct 30, 2013: AGL announces increased Bowen Basin gas reserves 229
Oct 28, 2013: AGL helps give customers more control over their energy bills 229
Oct 17, 2013: AGL prepares to build Newcastle Gas Storage Facility pipeline from Hexham to Tomago 229
Sep 16, 2013: Board and Management Changes 230
Sep 03, 2013: AGL Energy receives approval for Barn Hill wind farm revised plan in South Australia 230
Jul 30, 2013: First Solar to Deliver 155MW of Solar Power Projects for AGL Energy 231
Jul 16, 2013: Australia’s new CEFC finances two wind farms 231
Jul 11, 2013: AGL to defer appointment of contractor for the Silverton Wind Farm 232
Apr 30, 2013: AGL Energy’s Macarthur Wind Farm Complies With Strict Permit Noise Limits In Australia 232
Apr 09, 2013: AGL Energy’s Macarthur Wind Power Project Reaches Full Capacity In March 2013 233
Apr 02, 2013: Galilee Energy Announces Restart Of Galilee Gas Pilot Project At Glenaras In Australia 233
Apr 02, 2013: Galilee Energy: Glenaras Gas Pilot Restarts 233
Mar 26, 2013: AGL Energy To Commence Refurbishment Program At West Kiewa Power Station 233
Mar 26, 2013: AGL Energy Commences Refurbishment Of West Kiewa Power Station 234
Feb 12, 2013: AGL Energy Receives Commonwealth Approval For Gloucester Gas Project 234
Dec 19, 2012: L&M Energy Provides Operations Update 235
Dec 18, 2012: AGL To Cut Electricity Price For South Australian Residential And Small Business Customers 235
Dec 04, 2012: AGL Energy To Challenge ESCOSA’s Right To Review Power Prices 236
Sep 30, 2012: AGL Energy Starts Power Generation At Macarthur Wind Farm In Australia 236
Sep 11, 2012: AGL Energy Proceeds With Securing New South Wales’s Future Gas Needs 237
Aug 27, 2012: AGL Energy Announces Upheld Of Gloucester Gas Project Development Approval 237
Aug 22, 2012: AGL Energy Increases 2P Gas Reserves Over 12 Months To June 2012 237
Aug 08, 2012: University Of Queensland And University Of New South Wales Named As Research Partners For Two Solar PV Projects 237
Jul 20, 2012: AGL Energy Receives Development Approval For Dalton Power Project In New South Wales 238
Jul 19, 2012: AGL Energy Receives Approval To Start Building Newcastle Gas Storage Facility 238
May 11, 2012: AGL Energy Receives Approval To Construct Newcastle Gas Storage Facility At Tomago, Australia 239
Apr 05, 2012: AGL Energy Receives Approval For Tarrone Power Station Planning Scheme Amendment 240
Feb 07, 2012: Australian Government Announces Solar Flagships Program To Re-open Shortlist 240
Nov 20, 2011: AGL Energy Opens Underground Gas Storage Project In Queensland 241
Nov 04, 2011: AGL Energy Agrees To Further Consideration Of Mt Bryan Wind Farm 241
Jun 09, 2011: Innamincka Petroleum Starts 3D Seismic Program On Flax And Juniper Oil Discoveries 242
Feb 24, 2011: AGL Energy Cancels $2 Billion Wind Farm Investment 242
Nov 08, 2010: Arrow Energy Announces Northern Bowen Basin Monitoring Results 242
Oct 20, 2010: AGL Energy Announces First Gas Reserves For Its Hunter Gas Project 242
Sep 16, 2010: AGL Energy Announces Board Changes 243
Sep 15, 2010: TRUenergy And AGL Energy Ask For Australian Emissions Trading System 243
Sep 02, 2010: Galilee Energy Updates On ATP799P In Galilee Basin, Australia 243
Aug 05, 2010: AGL Energy To Start Work On Oaklands Hill Wind Farm At Glenthompson In October 2010 244
Aug 03, 2010: AGL Energy Unveils New Solar PV System At Adelaide Zoo 244
Jun 23, 2010: AGL Welcomes Changes To Renewable Energy Target Scheme 245
Jun 22, 2010: Galilee Energy Resumes Work At ATP 529P In Galilee Basin, Queensland 245
May 24, 2010: S&C Electric Announces VAR Compensation System Projects Enabling Connection Of Renewable Energy Plants To The Grid 246
Apr 15, 2010: Torrens Energy Updates On Geothermal Exploration In Barossa Project Area, Australia 246
Apr 07, 2010: AGL’s Planned Gas-Fired Power Plant Faces Opposition From Campbelltown Council, Australia 247
Apr 05, 2010: Keppel Prince To Start Construction Of Macarthur Wind Farm In Australia 247
Mar 25, 2010: Moyne Shire Council Declines To Give Up Authority On Planning Process Of Tarrone Power Station 247
Mar 01, 2010: AGL to construct Macarthur wind farm in Victoria 247
Nov 26, 2009: Galilee Energy Provides Operations Update 248
Nov 20, 2009: AGL Energy Announces Inauguration Of 140 MW Bogong Hydro Power Station In Victoria 248
Nov 17, 2009: Galilee Energy Provides Operations Update 249
Nov 03, 2009: Galilee Energy Provides Operations Update 249
Oct 19, 2009: Santos Announces Revised Capital Expenditure For PNG LNG Project 250
Sep 06, 2009: McConnell Dowell Provides Update On AGL Energy’s Bogong Hydro Electric Scheme In Australia 250
Aug 14, 2009: PNG LNG Project Operations Halt Due To Environmental Issues 250
Jul 31, 2009: Innamincka Petroleum Provides Operations Update 250
Jun 24, 2009: CPC In Talks With Exxon Mobil To Buy Gas From PNG LNG Project 251
Apr 22, 2009: AGL Energy’s 300 MW Wollondilly Gas Station In Australia Faces Opposition From Local Authority 251
Mar 31, 2009: AGL Energy to construct wind farm in South Australia 251
Mar 09, 2009: AGL Energy Appoints New Non-Executive Director 252
Feb 25, 2009: AGL Energy Updates On Its Wind Energy And Power Projects 252
Nov 27, 2008: AGL Appoints Chief Economist And Group Head Of Corporate Affairs 252
Nov 11, 2008: Australian Minister Says New South Wales Power Sale Has Industry Support 252
Oct 16, 2008: AGL Appoints General Manager Of Retail Energy 253
Oct 15, 2008: AGL Appoints New Director 253
Jul 11, 2008: AGL Invests $37 Million In Galilee Basin 253
Jun 13, 2008: AGL Opens $236 Million Hallet Wind Farm In South Australia 254
Jun 12, 2008: Talisman Says No LNG Plans Despite Pandora Field Location 254
May 28, 2008: Australia’s Second Trade In Carbon Carried Out At Higher Price 254
May 22, 2008: Santos Announces PNG LNG Gas Agreement And FEED Entry 254
Apr 18, 2008: Exxon Mobil To Kick Off Front-End Engineering Work On PNG LNG Development 254
Jan 18, 2008: AGL To Construct $70 Million Pipeline In Australia 255
Aug 22, 2007: AGL Appoints New Director 255
Jun 06, 2007: AGL Secures Investment In CSM Energy 255
May 11, 2007: AGL Acquires Development Rights To Wind Farm 256
Apr 05, 2007: AGL Gets ACCC Clearance To Acquire Torrens Island Power Station 256
Mar 19, 2007: AGL Joins CCX 256
Mar 16, 2007: AGL Announces Grant Of New Gas Production Lease 257
Feb 01, 2007: AGL Announces Lapse Of Conditional Obligation To Take PNG Gas 257
Dec 05, 2006: AGL Secures Investment In QGC 257
Dec 01, 2017: Arrow Energy signs deal for Surat Basin Reserves in Australia 259
Aug 18, 2017: AGL Energy to start construction on $850m wind farm in Australia 259
Aug 17, 2017: GE to supply turbines for 453MW wind farm in Queensland, Australia 260
Feb 11, 2017: AGL and Tomago agreement in place to curtail electricity 261
Jan 20, 2017: AGL negotiates new commercial agreem
AGL Energy Ltd, Key Facts 13
AGL Energy Ltd, Operational Metrics, Capacity 14
AGL Energy Ltd, Operational Metrics, Generation 14
AGL Energy Ltd, Operational Metrics, Customers 14
AGL Energy Ltd, Operational Metrics, Sales 14
AGL Energy Ltd, Wind Farms, Australia 15
AGL Energy Ltd, Solar PV Parks, Australia 18
AGL Energy Ltd, Solar Thermal Plants, Australia 19
AGL Energy Ltd, Hydro Power Plants, Australia 20
AGL Energy Ltd, Biopower Plants, Australia 21
AGL Energy Ltd, Thermal Power Plants, Australia 22
Major Products and Services 24
AGL Energy Ltd, SWOT Analysis 35
AGL Energy Ltd, Ratios based on current share price 38
AGL Energy Ltd, Annual Ratios 38
AGL Energy Ltd, Interim Ratios 40
AGL Energy Ltd, Key Employees 41
AGL Energy Ltd, Other Locations 44
AGL Energy Ltd, Subsidiaries 44
AGL Energy Ltd, Deals Summary 47
AGL Energy to Invest USD220.2 Million in Barker Inlet Power Station in Adelaide, Australia 49
AGL Energy Acquires 14.03% Stake In Loy Yang A Coal Fired Power Plant In Victoria, Australia From Ratch-Australia For US$122.1 Million 50
AGL Energy Acquires Additional 67.5% Stake In Great Energy From TEPCO For US$478 Million In Victoria 51
AGL Energy Completes Acquisition of Silverton Wind Farm in New South Wales, Australia from EPURON and Macquarie Capital Wind Fund 52
AGL Energy Invests Completes Project Financing for Nyngan Solar Power Project in New South Wales, Australia 53
AGL Energy Completes Project Financing for Broken Hill Solar Power Project in New South Wales, Australia 54
Meridian Energy And Macarthur Wind Farm Completes Project Financing Of US$480.6 Million For Refinancing Macarthur Wind Farm In Australia 55
Meridian Energy And AGL Energy Complete Project Financing Of US$410 Million For Macarthur Wind Power Project In Australia 56
AGL Energy Receives Grant Of US$128.3 Million For Two Solar Power Projects In New South Wales, Australia 57
Advanced Microgrid Solutions Raises USD34 Million in Series B Round of Financing 58
Solar Analytics Raises USD3.3 Million in Series A Financing 60
Sunverge Energy Raises USD36.5 Million in Series C Venture Financing 61
QIC Enters into Partnership with AGL 62
AGL Energy Raises USD1 Billion in Rights Offering Of Shares 63
Torrens Energy Announces Private Placement Of Shares For Up To US$3 Million 65
Torrens Energy Completes Private Placement Of Shares For US$0.6 Million 67
AGL Energy Completes Private Placement Of Shares For US$48 Million 69
AGL Energy Completes Institutional Entitlement Offering Of Shares For US$357 Million 70
Australian Power And Gas Company Completes Private Placement For US$5.3 Million 72
AGL Energy Prices Public Offering of 5% Notes Due 2021 for USD531.8 Million 74
AGL Energy Completes Public Offering Of Notes Due 2039 For US$695 Million 75
Powering Australian Renewables Fund Acquires Coopers Gap Wind Farm Project in Brisbane, Australia from AGL Energy for USD17.3 Million 77
Powering Australian Renewables Fund Completes Project Financing for Acquisition of Silverton Wind Farm in Australia from AGL Energy for USD27.17 Million 79
Powering Australian Renewables Fund Completes Project Financing for Acquisition of Nyngan and Broken Hill Solar Power Plants in Australia, from AGL Energy for USD193.8 Million 80
APA Completes Acquisition of Remaining 50% Stake in Diamantina and Leichhardt Gas Fired Power Stations in Australia from AGL Energy for USD151 Million 81
H.R.L. Morrison Completes Acquisition of 50% Stake in Macarthur Wind Farm in Western Victoria, Australia from AGL Energy for USD416.2 Million 82
Eurus Energy Acquires Hallett 5 Wind Farm From AGL Energy For US$174.4 Million In Australia 83
AGL Energy To Sell Oaklands Hill Wind Power Project 84
Ausgrid to Acquire Active Stream from AGL Energy 85
AGL Energy Completes Acquisition of Acquire Macquarie Generation for USD1.3 Billion 86
AGL Energy Completes Acquisition Of 98.18% Stake In Australian Power & Gas Company 88
Nippon Gas Acquires 6% Stake In Australian Power and Gas Company 90
