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AGL splits off coal power stations as green shift accelerates We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement AGL, the nation’s heaviest greenhouse gas emitter, has vowed to embark on a historic demerger of its business in response to the accelerating pressure of the switch to clean energy. After months of deliberations, the energy utility’s board on Wednesday revealed details of its plan to split itself in two. The move includes forming a new company called Accel Energy that will separate its emissions-intensive fleet o...

AGL to stop paying special dividend to preserve A$500 mln cash AGL expects investment grade credit ratings for both companies AGL's shares drop 10% June 30 (Reuters) - Australia's AGL Energy (AGL.AX) said on Wednesday it expects to split into a bulk power generator and a carbon-neutral energy retailer by June 2022 and would stop paying special dividends to shore up the two companies' balance sheets. Investors gave a thumbs down on the plan, sending AGL's shares 10% lower by the end of the day, following an initial drop of 4% after the company announced the dividend cut and warned it still exp...

ASX rallies into EOFY; Telstra at 52-week high on capital return Save Share Duxton Broadacre to pay first dividend Vesna Poljak Duxton Broadacre Farms will pay its first dividend since listing in February 2018, declaring a return of 6.2¢ a share, unfranked, to be paid on July 30 after what it described as “three of the harshest drought years on record”. "The board will consider the payment of a further dividend in December, which will depend on the outlook of the 2021-22 winter crop." 18 mins ago – 1.29PM Used car prices trigger 13pc Eclipx EPS upgrade Vesna Poljak Hot used ...

AGL customer chief to become MD of newly demerged energy retailer AGL confirms plans to demerge into two independently listed entitles and announces the CEOs and chairs for both AGL has confirmed its chief customer officer, Christine Corbett, as managing director and CEO of its newly demerged energy retailer, AGL Australia, as the organisation embarks on a significant restructure to become two businesses. ASX-listed AGL today announced the first details of plans to demerge, creating two standalone and separately listed businesses: Accel Energy, a baseload power producer; and AGL Australia,...

The PNG inquiry into the $1.2 billion “UBS loan scandal” has been frustrated by a refusal to hand over documents to a royal commission.