AGL Energy

Not to be confused with AGL Resources.

AGL Energy Limited

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

On 6 October 2006, Australian Gas Light Company and Alinta Limited shareholders approved the merger of AGL’s infrastructure assets with Alinta and the subsequent separation of AGL Energy.

Operations

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

AGL has become one of the largest providers of electricity in Australia and is well known for being one of the largest employers nationally. 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

Source	Capacity
Loy Yang A (32.5% equity)	2120MW
Somerton	150MW
Pinjarra 1&2 (33% equity)	280MW
Victoria Hydro	592MW
NSW Hydro	52.5MW
Torrens Island Power Station	1280MW

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

Source	Amount of gas
Cooper Basin	605PJ
Surat Basin	1222PJ
Gippsland Basin	1250PJ
Sydney CSM (50% equity)	145PJ
Moranbah (50% equity)	16PJ

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%).

AGL Energy (AGL) has entered into conditional arrangements for the construction of Macarthur wind farm in south-west Victoria.^{[citation needed]}

In 2011 AGL paid $15M for Rezeko a small Australian solar retailer in a bid to bump up its presence it that lucrative market. The investment is yet to pay any material dividends and is yet to compete with [Origin Energy's|Origins] retail solar business.

See also

• Better Place
• Renewable energy commercialization in Australia

External links

• "AGL website". Archived from the original on 25 January 2007. http://www.agl.com.au/. Retrieved 2007-01-31. 
• Energy giant backs 20% renewables The Sydney Morning Herald, 30 August 2007.