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The Latest Breaking News from AGL

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

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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

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.

AAP

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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.

ABC News

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

The Guardian - AU

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.

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".

Newcastle Herald

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 New Daily

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

The Guardian - AU

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.

Newcastle Herald

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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

The Guardian - AU

Hesta members pledge to ditch super fund over fossil fuel investments

Industry superannuation fund defends approach, saying engaging with companies changes their behaviour, as members urge it to ‘stop investing in climate catastrophe’

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AAP

Mike Cannon-Brookes is going to fix our homegrown energy crisis

Tech billionaire Mike Cannon-Brookes is pursuing 'the biggest decarbonisation project in the world' amid calls for a quicker fix for the energy crisis.

The Guardian - AU

As the temperature cools, the heat is on Chris Bowen

Gas shortages, reported delays to major projects and coal-fired power woes are among the gifts handed to the new energy minister

ABC News

AGL, Australia's largest provider, reveals its coal-fired power generator outages will continue

There is no relief in sight from Australia's energy crisis with almost one-quarter of coal-fired capacity offline, and the nation's largest producer revealing several of its units will be out for some time.

The Guardian - AU

Energy market turmoil: Snowy Hydro delayed until 2028 while coal plants run at half capacity

Cold snap and gas shortages spike electricity prices amid multiple outages at coal-fired power stations

AAP

Coal unit will be out for longer: AGL

As the energy debate continues to generate political heat, AGL says one of its units at Victoria's Loy Yang plant will remain offline until late September.

The Guardian - AU

Can anything be done about the ‘perfect storm’ in Australia’s energy markets?

Russia’s invasion of Ukraine, squeezed gas retailers and a cold snap are combining to put pressure on the grid

The New Daily

Alan Kohler: We all lose when monopolists prosper

The role of government is to correct the tendency towards monopoly and inequality through regulation, but they have been falling down on the job.

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