AGL defies Coalition over Liddell closure

Original article by Angela Macdonald-Smith, Ben Potter
The Australian Financial Review – Page: 1 & 6 : 27-Sep-18

AGL Energy’s interim CEO Brett Redman has reaffirmed its commitment to exiting coal-fired power generation and its proposed closure of the Liddell power station in 2022. However, Redman has told the company’s AGM that AGL will seek to work with the federal government to reduce electricity prices. Relations between AGL and the government became strained under former CEO Andy Vesey over the closure of Liddell, prompting Energy Minister Angus Taylor to warn of potential intervention if electricity retailers do not take action to reduce prices.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, MACQUARIE GROUP LIMITED – ASX MQG, ENVIRONMENT VICTORIA

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