AGLs

Billionaire Mike Cannon-Brookes has declared he has big ideas for the future of AGL, as analysts suggest he may seek to steer the energy giant towards aggregating solar power generated on millions of Australian homes following his…

Cannon-Brookes said shareholders had been presented a single choice and insufficient details about any ‘Plan B’ if the demerger did not pass. “There are 318 words in the document of over 180,000 that describe ‘What happens if this doesn’t…

Accel, the vehicle that would contain the coal-fired generators, would have an uncertain future. It would have limited, if any, access to new capital. It would, as Cannon-Brookes has said, be a stranded asset essentially trying to maximise…

AGL, the nation’s largest power supplier, has slashed its full-year profit target because of a breakdown of one of the generation units at its giant Loy Yang A coal-fired power plant in Victoria’s Latrobe Valley.The company had previously…