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Australia's AGL to shut gas-fired power unit

Australia's AGL to shut gas-fired power unit
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Australia , Australians , Australian , Markus-brokhof , Australian-energy-market-operator , South-australia , South-australian , South-australians , Barker-inlet , ஆஸ்திரேலியா , ஆஸ்திரேலியர்கள் , ஆஸ்திரேலிய

Past, present and future: AGL is making a mess of its clean energy transition

29 April 2021
Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up.
Seemingly no agreement between Board and management.
Premature announcement with close to zero useful information for investors and their army of advisors.
No commitment to separate listing, which is the most fundamental rationale for doing it.
Captain and the ship part company mid journey.
At this rate AGL will almost single handedly give demergers a bad name. Having said that we’d be the first to accept Brett Redman’s comment: It’s hard. Still that’s all the more reason for working out the details first.

Liverpool-plains , New-south-wales , Australia , Barker-inlet , South-australia , Rye-park , Michael-fraser , Graeme-hunt , David-leitch , Brett-redman , Transfield-services , Macquarie-bank

Fire takes out biggest gas generator in South Australia, AEMO takes out rooftop solar

15 March 2021
A relatively peaceful and event-free summer on South Australia’s electricity grid came to an abrupt end over the weekend, as a combination of maintenance work on the main transmission line, a fire in a key transmission station and then extremely low demand sent prices soaring to the market cap on Friday night, and then to below zero for much of the weekend.
One of the two main circuits on the main transmission line that connects South Australia to Victoria and the rest of the main grid was closed on Friday afternoon as part of long planned maintenance to complete repairs from more than a year ago when a storm blow down some huge transmission towers.

Australia , Barker-inlet , South-australia , Torrens-island , Australian , Giles-parkinson , Project-energyconnect , Renew-economy , One-step-off-the-grid , Australian-financial , ஆஸ்திரேலியா