Original article by Angela Macdonald-Smith, Ben Potter
The Australian Financial Review – Page: 1 & 6 : 28-Sep-17

AGL Energy’ chairman Jerry Maycock has told the company’s AGM that selling the Liddell coal-fired power plant would be "challenging", while extending the ageing plant’s life would involve substantial costs. He also ruled out building a new coal-fired plant, arguing that such a plant may ultimately not be competitive as the cost of renewable energy and battery storage technology falls. Meanwhile, AGL CEO Andy Vesey is confident that partially replacing the Liddell plant’s output with renewables will not result in higher electricity prices. He also indicated that the Loy Yang A power station could be shut down ahead of schedule.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, MARKET FORCES