AGL Energy

AGL Energy Limited

Type	Public (ASX: AGK)
Founded	2006
Headquarters	North Sydney, Sydney, Australia
Key people	Michael Fraser (CEO)
Industry	Energy
Products	Energy
Website	agl.com.au

AGL Energy (ASX: AGK) is the largest Australian gas and electricity retailer, with over six million customers. It has large investments in the supply of gas and electricity, and has recently invested in sustainable energy businesses such as wind farms and a hydroelectric power station in Victoria’s High Country.^[1] Listed on the Australian Securities Exchange (ASX code: AGK), AGL is an S&P/ASX 50 company with a market capitalisation of about A$4.8 billion.

Operations

Torrens Island Power Station in Adelaide is AGL's largest gas plant.

AGL has told the Australian Securities Exchange that its Four Corners strategy is its blueprint for future growth.^[2] AGL seeks to take cornerstone positions in four areas – upstream electricity and gas supply, and the downstream retail of electricity and gas.

Electricity generation

AGL’s 1700MW electricity generation portfolio includes:

• 32.5% stake in coal-fired Loy Yang Power Station (Vic)
• Gas-fired peaking plant at Somerton
• Torrens Island Power Station (TIPS)
• AGL Hydro’s 11 generating schemes
• Wattle Point Wind Farm
• Small-scale biomass, landfill and cogeneration projects

Projects under way include:

• Bogong hydro peaking station (Vic)
• Hallett Wind Farm (SA)
• Hallett Hill Wind Farm (SA)
• Macarthur Wind Farm (Vic)
• Base-load power station in Townsville (QLD)
• Leafs Gully Power Station (NSW)

Gas generation

AGL’s wholesale gas portfolio includes more than 4000 petajoules of equity and contracted gas reserves, with long-term contracts sourced from the Cooper, Surat and Gippsland basins. Other investments include a 50 per cent stake in Moranbah Gas Project, one of Australia’s largest coal-seam methane projects. Moranbah’s output represents about 12 per cent of the Queensland gas market. A 27.5 per cent stake in the Queensland Gas Company

Gas usage: 1 million gigajoules (GJ) = 1 petajoule (PJ) An all-gas household, with gas used for cooking, heating and hot water, will use about 30GJ of gas a year.

Downstream electricity retail

1.6 million electricity customers – more than 25 per cent of South Eastern Australia’s residential and small commercial energy users.

Downstream gas retail

2.1 million gas customers

Energy investments

AGL has a diversified range of investments in generation, transmission, distribution, retail and energy related businesses:

• ActewAGL (50%), Elgas (50%), H C Extractions (HCE) (100%), and the owner of Loy Yang Power, GEAC (32.5%).

See also

• Better Place
• Renewable energy commercialization in Australia

References

External links

• "AGL website". http://www.agl.com.au/. Retrieved on 2007-01-31. 
• Energy giant backs 20% renewables The Sydney Morning Herald, 30 August 2007.

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