AGL Energy
Public | |
Traded as |
ASX: AGL S&P/ASX 200 Component |
Industry | |
Founded |
|
Headquarters | North Sydney, New South Wales, Australia |
Key people | Andrew Vesey (CEO & MD) |
Products | |
Services |
|
Revenue | $11.150 Billion (2016)[1] |
$1.211 Billion (2016)[2] | |
Number of employees | 3,358 (2016)[3] |
Subsidiaries | ActewAGL (25%) |
Website |
www |
AGL Energy (ASX: AGL), a publicly–listed Australian company, provides energy products and services to the Australian economy. The company is involved in both the generation and retailing of electricity for residential and commercial use.
AGL Energy generates electricity from power stations that use thermal power, natural gas, wind power, hydroelectricity, and coal seam gas sources. The company began operating in Australia in 1837 as The Australian Gas Light Company and claimed in 2014 that it had more than 3.8 million residential and business customer accounts across New South Wales, Victoria, South Australia and Queensland.[4] 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.[5][6]
History
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.[7] AGL was the second company to list on the Australian Stock Exchange.[8] The company gradually diversified into electricity and into a number of different locations.
ActewAGL, a joint venture between the Australian Gas Light Company and ACTEW Corporation, a government-owned enterprise of the ACT Government, was formed in October 2000 as Australia's first utility joint venture.[9] 25% owned by AGL Energy, ActewAGL provides electricity, natural gas, and telecommunication services to business and residential customers in the Australian Capital Territory and south-east New South Wales.[10]
On 6 October 2006, The 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.[11]
In 2014, AGL Energy launched plans to offer compressed natural gas (CNG) to Australian transport businesses as an alternative to foreign crude and fuel imports. AGL plans to launch public refuelling stations across Australia that will help improve supply of CNG to the Australian market.[12]
Operations and significant assets
AGL operate retail and merchant energy businesses, power generation assets and an upstream gas portfolio.[4] 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.[13] The following tables listing significant assets are based on AGL's 2014 Annual Report.[14]
Renewable energy
Source | State | Maximum capacity | Ref |
---|---|---|---|
Dartmouth Hydroelectric Power Station | VIC | 180 megawatts (240,000 hp) | |
Eildon Hydroelectric Power Station | VIC | 120 megawatts (160,000 hp) | [15] |
Hallet Wind Farms (1,2,4 & 5) | SA | 350 megawatts (470,000 hp) | |
Kiewa Hydroelectric Scheme | VIC | 391 megawatts (524,000 hp) | |
Macarthur Wind Farm | VIC | 420 megawatts (560,000 hp) | |
Oaklands Wind Farm | VIC | 63 megawatts (84,000 hp) | |
Broken Hill Solar Plant in development | NSW | 53 megawatts (71,000 hp) | |
Nyngan Solar Plant in development | NSW | 102 megawatts (137,000 hp) | |
Coopers Gap Wind Farm in development | QLD | 351 megawatts (471,000 hp) | |
Silverton Wind Farm Stage 1 in development | NSW | 300 megawatts (400,000 hp) |
Thermal & peaking power stations
Source | State | Maximum capacity | Ref |
---|---|---|---|
Bayswater Power Station | NSW | 2,640 megawatts (3,540,000 hp) | |
Liddell Power Station | NSW | 2,000 megawatts (2,700,000 hp) | |
Loy Yang A Power Station | VIC | 2,210 megawatts (2,960,000 hp) | |
Torrens Island Power Station | SA | 1,280 megawatts (1,720,000 hp) | |
Somerton Power Station (Gas turbines) | VIC | 160 megawatts (210,000 hp) | |
Yabulu Power Station 50% interest - not operated by AGL | QLD | 121 megawatts (162,000 hp) (50% of 242 MW) | |
Diamantina Power Station 50% interest | QLD | 151 megawatts (202,000 hp) (50% of 302 MW) |
Gas
Source | State | Maximum capacity | Ref |
---|---|---|---|
Newcastle Gas Storage | NSW | 1.5 petajoules (0.42×10 9 kWh) | |
Silver Springs Gas Storage | QLD | 35 petajoules (9.7×109 kWh) |
Upstream gas projects
In 2015 the EPA ordered the suspension of AGL's Gloucester operations after finding toxic chemicals had been introduced into Hunter Water's systems.[16] The EPA subsequently found no "evidence of harm to the environment or pollution of waters"[17] and AGL was allowed to continue its Gloucester operations.[18]
Source | State | Reserves (2P)3 | Ref |
---|---|---|---|
Gloucester Gas Project | NSW | 527 petajoules (1.46×1011 kWh) | 1 |
Camden Gas Project | NSW | 45 petajoules (1.2×1010 kWh) | 1 |
Hunter Gas Project | NSW | 0 petajoules (0 kWh) | |
Moranbah Gas Project 50% interest - not operated by AGL | QLD | 285 petajoules (7.9×1010 kWh) | |
ATP 1103 Exploration Project 50% interest - not operated by AGL | QLD | 968 petajoules (2.69×1011 kWh) | 2 |
Silver Springs Gas Project | QLD | 58 petajoules (1.6×1010 kWh) | |
Galilee Gas Project 50% interest | QLD | 2C resources only |
- ^1 Estimated reserves based on Mining SEPP changes.
- ^2 Under 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.
- ^3 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.
See also
References
- ↑ http://agl2016.annual-report.com.au/
- ↑ http://agl2016.annual-report.com.au/
- ↑ http://agl2016.annual-report.com.au/
- 1 2 "Who We Are". AGL website. AGL Energy. March 2014.
- ↑ "How We Source Energy". AGL website. AGL Energy. March 2014.
- ↑ "Energy giant backs 20% renewables". The Sydney Morning Herald. 30 August 2007.
- ↑ "History of Natural Gas in Australia". Energysafe Victoria. Victorian Government. Retrieved 28 February 2011.
- ↑ "ASX history". ASX. March 2014.
- ↑ Wright, B. (2003). Canberra & the Capital Region, a new focus. NSW: Focus Publishing Pty Ltd.
- ↑ Doherty, Megan (20 July 2012). "Actew's 'water' bill hits $2.5m". The Canberra Times. Retrieved 18 April 2013.
- ↑ "AGL - Alinta Transaction: Class Ruling" (PDF) (PDF). AGL Energy.
- ↑ "AGL plans compressed gas refuel network". The Australian. 4 April 2014. Retrieved 16 July 2014.
- ↑ "Annual Report 2013" (PDF) (PDF). AGL Energy. p. 4.
- ↑ Page 17, "AGL Annual Report 2014", 17 September 2014
- ↑ "AEMO Participant Registrations List". Retrieved 7 November 2016.
- ↑ Hannam, Peter (14 March 2015). "CSG more trouble than it's worth for AGL". www.canberratimes.com.au. The Sydney Morning Herald. Retrieved 13 March 2015.
- ↑ "EPA investigations find no harm to the environment from AGL's Waukivory Pilot Project and recommend additional monitoring requirements" (Press release). NSW Environment Protection Authority. 19 May 2015. Retrieved 2015-08-21.
- ↑ Gibney, Adrian (2015-05-19). "AGL cleared to resume Waukivory operations". AGL Energy Sustainability Blog. Retrieved 2015-08-21.
External links
- "AGL website". Archived from the original on 28 August 2008. Retrieved 2007-01-31.