AGL Energy Ltd
ASX:AGL ISIN:AU000000AGL7
AGL (ASX:AGL) is one of Australia's leading integrated energy companies. Drawing on 169 years of experience, it includes retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has Australia's largest retail energy and dual fuel customer base, supplying around 3.6 million customer accounts. This includes customers supplied with gas and electricity through AGL's joint venture partnerships, ActewAGL and AlintaAGL.
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AGL Energy Limited (ASX: AGK) has signed a foundation gas transportation agreement with Epic Energy which will allow the construction of a $140 million gas pipeline to complete the final link between the Queensland, South Australia and New South Wales gas markets. This deal fits squarely with AGL's stated aim of recognising the importance of key utility infrastructure, whilst avoiding direct investment in such infrastructure by AGL.
The Australian Gas Light Company (ASX: AGL) today rejected Alinta Limited's takeover bid, which repeated the terms of its already rejected February proposal.
The Australian Gas Light Company (ASX: AGL)(OTCBB: AOGC)(PNK: AUGLF) today announced an offer to merge with Alinta Limited (ASX: ALN), offering 0.564 AGL shares for every Alinta share, implemented through a scrip-for-scrip off-market takeover offer by AGL for all Alinta ordinary shares. Following the merger, AGL intends to proceed with a demerger of the combined AGL/Alinta energy and infrastructure businesses.
Last night, Alinta's (ASX: ALN) advisers met with advisers of Australian Gas Light Company (ASX: AGL) to discuss and agree on a protocol for furthering Alinta's proposal to merge the two companies.
The Australian Gas Light Company (ASX: AGL) today announced the structure, strategic direction and outlook for the two new companies, AGL Infrastructure and AGL Energy, that would result from its proposed demerger including forecasts of increased dividends and an outline of growth prospects.
The Australian Gas Light Company (ASX: AGL) today announced power company Flinders Osborne Trading Pty Ltd (NRG Flinders) in South Australia as its first customer to purchase gas from the Papua New Guinea Gas (PNG) Project.
The Australian Gas Light Company (ASX: AGL) has today completed the acquisition of the Southern Hydro renewable energy power generation assets for $1.425 billion from New Zealand company Meridian Energy Limited.
The Australian Gas Light Company (ASX: AGL) today completed the acquisition of a 50 per cent interest in the production leases and exploration licences of Sydney Gas Limited (SGL) as part of a previously-announced joint venture agreement.
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