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AGL, AGL ENERGY
nipper
post Posted: Mar 30 2021, 11:18 AM
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In Reply To: nipper's post @ Feb 4 2021, 05:21 PM

AGL Energy will split itself in two to create separate retailing and power generation businesses as it grapples with the rapidly evolving electricity market and low wholesale prices.

The proposed division of the company, demanded by the rapidly evolving electricity market, involves New AGL, which will comprise the retailing interests, and PrimeCo, which will be the country's largest electricity generator, dominated by coal power.

The nature and timing of the "structural separation", news of which drove AGL shares up 3 per cent in morning trading, will be determined by the end of June. The announcement came as AGL suffered a major setback in its plans for a $250 million LNG import project, with the Crib Point project being blocked by the Victorian state government.

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The accelerating market forces of customer, community and technology are driving the imperative to create this new path and separate AGL into two distinct organisations, said chief executive Brett Redman. The proposed structural separation would give each business the freedom, focus and clarity to execute their own respective strategies and growth agendas, while playing an equally important, but different, role in Australia's energy transition, he said


New AGL would be the country's largest multi product energy retailer in terms of the number of services provided to customers. It would have an energy trading capability and a 2.1 gigawatt portfolio of flexible generation and storage, including renewables, gas power and batteries, to manage increasing swings in daily energy demand. New AGL would be carbon neutral for direct emissions from day one and ... with a clear path to carbon neutrality, Redman said.

PrimeCo would hold the large coal power plants, including Loy Yang A in Victoria and Bayswater in NSW, as well as the Liddell coal plant in the Hunter Valley that is due to close its first unit next year. It would be the largest emitter of greenhouse gases in the country based on AGL's current emissions and the largest supplier into the National Electricity Market (NEM).


.... but not from a position of strength. Legacy investments, long term stuff that were good ideas a few years ago, will impair the balance sheet for years to come.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 4 2021, 05:21 PM
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at a thirteen year low.

lots of red ink
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$2.69 billion in write downs show the severe headwinds faced by Australian energy companies caused by plunging wholesale electricity prices, unprofitable renewable power sales contracts and higher site remediation costs....




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 30 2019, 08:11 PM
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In Reply To: nipper's post @ Oct 30 2019, 02:40 PM

Baby steps but what's the alternative? Spend circa $1 billion to keep Liddell running another few years. Build a new "clean" coal fired power plant, that will take circa 8 years to build ,at a cost of circa $3 billion. Not sure how long to go on Snowy 2, but I've read that's going to be massively over budget.

The Tesla battery in SA took 90 days , if I recall correctly, to build/ship/install/commision. It's also not a total solution but better than nothing I guess.

We should never have privatized our utilities, IMHO.



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Oct 30 2019, 02:40 PM
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In Reply To: blacksheep's post @ Oct 30 2019, 01:24 PM

Liddell has 4 x 500MW steam driven turbo alternators = 2000 megawatts. So, its a start. But not huge, and not 24/7 replacement.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 30 2019, 01:24 PM
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'Dawn of battery age': AGL inks huge battery deal in time for Liddell exit

QUOTE
Four new large-scale batteries capable of powering tens of thousands of homes will be built in Australia after power giant AGL struck a deal to secure additional supply in time for the looming shutdown of its Liddell coal-fired generator.

Renewable energy firm Maoneng will develop the batteries in New South Wales, each with a capacity of 50 megawatts with a 100 megawatt-hour output, under a 15-year contract with AGL announced on Wednesday. Combined, the four batteries will store enough energy to power 30,000 households.

"This is the dawn of the battery age," AGL chief executive Brett Redman said. "And AGL is proud to lead the way."


read more - https://www.smh.com.au/business/companies/d...030-p535mf.html
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 18 2019, 10:21 AM
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In Reply To: early birds's post @ Jun 18 2019, 09:52 AM

I'd like to know what AGL found? ... their problem or within VOC



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 


early birds
post Posted: Jun 18 2019, 09:52 AM
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In Reply To: nipper's post @ Jun 17 2019, 02:20 PM

nipper
can we have a nib for VOC or wait for it to drop another 25%??? unsure.gif



 
nipper
post Posted: Jun 17 2019, 02:20 PM
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And now ....
QUOTE
AGL Energy has abruptly scrapped its circa $3 billion pursuit of Vocus Group, advising it has ceased due diligence on the target and withdrawn its non-binding takeover bid, leaving investors pondering other avenues the utility may pursue to arrest an expected multi-year earnings decline.

AGL up 1.5%, while VOC the proverbial bride's nightie ... down 25%



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 11 2019, 09:24 AM
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QUOTE
Vocus Group said Tuesday it has received a non-binding takeover offer from Australian utility AGL, valuing it at about 3.02 billion Australian dollars.

AGL said it has offered $4.85 a share in cash.

Vocus (VOC) said its board has granted AGL due diligence access to its books for four weeks to allow it to potentially make a binding offer.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Jun 9 2019, 09:04 PM
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AGL Energy Limited has today completed an assessment of the extent and impact of an outage at Unit 2 at the Loy Yang A power station in the Latrobe Valley.

AGL now believes this outage may extend seven months and, as a result, have a material impact on its financial results in FY20.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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