AGL Energy

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Not to be confused with AGL Resources or ActewAGL. ‹See Tfd›
AGL Energy Limited
Type Public
Traded as ASXAGK
S&P/ASX 200 Component
Industry Energy
Founded 2006
Headquarters North Sydney, Sydney, Australia
Key people Michael Fraser (CEO)
Products Energy
Services Electricity generation, distribution, and retailing,
Natural gas generation, distribution and retailing

AGL Energy sells and markets natural gas, electricity and energy related products and services to more than 3.8 million residential and business customer accounts across New South Wales, Victoria, South Australia and Queensland.[1] It has large investments in the supply of gas and electricity, and is Australia's largest private owner, operator and developer of renewable energy assets.[2]


The Australian Gas Light Company was formed in Sydney in 1837, and supplied town gas for the first public lighting of a street lamp in Sydney in 1841.[3] AGL was also the second company to list on the Australian Stock Exchange.[4] The company gradually diversified into electricity and into a number of different locations.

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. [5]

In 2014, AGL Energy (Australia) launched its Compressed Natural Gas offering to Australian businesses for transport. AGLs plan is to launch public refuelling stations across Australia that will help with the supply (or lack thereof) issue Australian CNG users currently face.[6]

Operations and AGL's significant assets[edit]

AGL operate retail and merchant energy businesses, power generation assets and an upstream gas portfolio.[1] AGL has a diverse power generation portfolio - including base, peaking and intermediate generation plants - spread across traditional thermal generation as well as renewable sources including hydro and wind. [7]

The following tables listing significant assets are based on AGL's 2013 Annual Report.[8]

Renewable Energy[edit]

Source Capacity
Hallet Wind Farms (1,2,4&5) (SA) 350 MW
Macarthur Wind Farm (Vic) 420 MW
Oaklands Wind Farm (Vic) 63 MW
Dartmouth Hydroelectric Power Station (Vic) 180 MW
Kiewa Hydroelectric Scheme (Vic) 391 MW
Eildon Hydroelectric Power Station (Vic) 120 MW[9]
Broken Hill Solar Plant (NSW) - In Development 53 MW
Nyngan Solar Plant (NSW) - In Development 102 MW
Coopers Gap Wind Farm (Qld) - In Development 351 MW
Silverton Wind Farm (NSW) - In Development 300 MW (Stage 1)

Thermal Power Stations[edit]

Source Capacity
Loy Yang A Power Station (Vic) 2,210 MW
Somerton Power Station (SA) 160 MW[9]
Torrens Island Power Station (SA) 1,280 MW
Oakey Power Station (Qld) 282 MW
Yabulu Power Station (Qld) (50% Interest - Not Operated by AGL) 121 MW (50% of 242 MW)
Diamantina Power Station (Qld) (50% interest - Under Construction) 151 MW (50% of 302 MW)


Source Capacity
Silver Springs Gas Storage (Qld) 35 PJ
Newcastle Gas Storage (NSW) 1.5 PJ

Upstream Gas Projects[edit]

Source Reserves (2P)
Gloucester Gas Project1 (NSW) 454 PJ
Camden Gas Project1 (NSW) 50 PJ
Hunter Gas Project (NSW) 0 PJ
Moranbah Gas Project (Qld) (50% interest - Not Operated by AGL) 91 PJ
ATP 1103 Exploration Project2 (Qld) (50% Interest - Not Operated by AGL) 291 PJ
Silver Springs Gas Project (Qld) 58 PJ
Galilee Gas Project (Qld) (50% interest) (2C resources only)

1Estimated reserves based on Mining SEPP changes.

2Under a 50-year project agreement that commenced in 2000, AGL has no effective exploration rights (or ongoing cost obligations) within exploration tenement ATP 1103 as these were assigned to Arrow Energy Limited. However, AGL is entitled to participate up to a 50% interest in any commercial development by contributing its share of past costs.

Notes: 2P or proved plus probable reserves, are those quantities of gas that are estimated with equal certainty to be greater than or less than actual commercially recoverable quantities. 2C resources are considered not yet commercially recoverable. Consistent with new ASX Listing Rules reporting requirements, gas reserves are now reported net of 'lease fuel' i.e. net of estimated own use fuel consumption upstream of the point of sale.

Executive Team[edit]

  • Michael Fraser, Managing Director and Chief Executive Officer
  • Brett Redman, Chief Financial Officer
  • Paul McWilliams, Group Head of Corporate Support Services and Company Secretary
  • Anthony Fowler, Group General Manager Merchant Energy
  • Mike Moraza, Group General Manager Upstream Gas
  • Professor Paul Simshauser, Chief Economist and Group Head of Corporate Affairs
  • Stephen Mikkelsen, Group General Manager Retail Energy
  • Owen Coppage, Chief Information Officer
  • Jane Thomas, Group Head of People and Culture
  • Mark England, Group Head of Strategy

Source: AGL Leadership Team

See also[edit]


External links[edit]