View source for AGL Energy

{{Short description|Australian electricity generator and retailer}}
{{Distinguish|AGL Resources|ActewAGL}}
{{Use dmy dates|date=January 2020}}
{{Use Australian English|date=May 2012}}
{{Infobox company
| name = AGL Energy Limited
| logo = AGL Energy logo.svg
| logo_size = 150px
| type = [[Public company|Public]]
| traded_as = {{asx|AGL}} <br />[[S&P/ASX 50|S&P/ASX 50 Component]]
| foundation = 1837
| location = [[Sydney]], [[New South Wales]], Australia
| key_people = Damien Nicks (CEO)<ref>{{cite web|title= Change to CEO and Chairman|url=https://www.agl.com.au/about-agl/media-centre/asx-and-media-releases/2023/january/appointment-of-permanent-managing-director---chief-executive-off|access-date=5 April 2023|date=19 January 2023|website=AGL}}</ref>
| industry = {{Unbulleted list|[[Energy]]|[[Utilities]]}}
| products = {{Unbulleted list|[[Energy]]|[[Natural gas]]|[[Wind power in Australia|Wind power]]|[[Hydroelectricity]]|[[Coal seam gas]]|[[Telecommunication]]}}
| services = {{Unbulleted list|[[Electricity generation]]|[[Electric power distribution|Electricity distribution]]|[[Electricity retailing]]|[[Natural gas]] distribution and retailing}}
| subsid = {{ubl|[[ActewAGL]] (25%)|Perth Energy|[[Southern Phone]]}}
| revenue = {{decrease}} [[Australian Dollar|A$]]1,218 million (2022)<ref name="FY22 Results Announcement">{{cite web|title=FY22 Results Announcement|url=https://www.agl.com.au/content/dam/digital/agl/documents/about-agl/media-centre/2022/220819-fy22-results-announcement.pdf}}</ref>
| net_income = {{increase}} [[Australian Dollar|A$]]860 million (2022)<ref name="FY22 Results Announcement"/>
| homepage = {{URL|http://www.agl.com.au}}
}}

'''AGL Energy Ltd''' is an Australian [[Australian Securities Exchange|listed]] [[public company]] involved in both the [[electricity generation|generation]] and [[Electricity retailing|retailing]] of [[electricity]] and [[Fuel gas|gas]] for residential and commercial use.<ref name=":2">{{Cite web|title=Australia's 10 highest greenhouse gas emitters 2019-20|url=http://www.cleanenergyregulator.gov.au/NGER/National%20greenhouse%20and%20energy%20reporting%20data/Data-highlights/2019-20-published-data-highlights/australias-10-highest-greenhouse-gas-emitters-2019-20|access-date=2021-11-15|website=www.cleanenergyregulator.gov.au}}</ref> It is one of the "big three" retailers in the [[National Electricity Market]].<ref name=":5">{{Cite web |title=State of the Energy Market 2022 |url=https://www.aer.gov.au/system/files/State%20of%20the%20energy%20market%202022%20-%20Full%20report.pdf}}</ref> AGL is Australia's largest electricity generator, and the nation's largest carbon emitter.<ref>{{cite web |url=https://www.cleanenergyregulator.gov.au/NGER/Pages/Published%20information/Data%20highlights/2020-21%20factsheets/Australia%27s-10-highest-greenhouse-gas-emitters-2020-21.aspx |title=Australia's 10 highest greenhouse gas emitters 2020-21 |date=28 February 2022 |publisher=[[Clean Energy Regulator]] |access-date=28 July 2022}}</ref> In 2022, 83% of its energy came from burning coal.<ref>{{Cite web |title=Green electricity guide |url=https://www.greenelectricityguide.org.au/}}</ref> 

It is, however, targeting 12 gigawatts of new renewable energy by 2035, when all of its coal fire generators are aimed to be closed.<ref>{{Cite web |date=2024-07-09 |title=No room for nuclear: AGL says flexibility is key as it plans to dump coal for renewables in a decade |url=https://reneweconomy.com.au/no-room-for-nuclear-agl-says-flexibility-is-key-as-it-switches-from-coal-to-renewables-in-a-decade/ |access-date=2024-07-13 |website=RenewEconomy |language=en-AU}}</ref><ref>{{Cite web |last=Kruger |first=Colin |date=2023-10-22 |title=Australia's green future at stake as Origin takeover hangs in balance |url=https://www.smh.com.au/business/companies/australia-s-green-future-at-stake-as-origin-takeover-hangs-in-balance-20231021-p5edzg.html |access-date=2023-10-23 |website=[[The Sydney Morning Herald]] |language=en}}</ref> It closed [[Liddell Power Station]] in 2023, but aims to close [[Bayswater Power Station]] in 2033, and [[Loy Yang Power Station|Loy Yang A Power Station]] in 2035.<ref>{{Cite web |title=Climate Transition Action Plan |url=https://www.agl.com.au/content/dam/digital/agl/documents/about-agl/sustainability/ctap.pdf}}</ref>

==History==
{{Further|Australian Gas Light Company}}
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.<ref>{{cite web|url=http://www.esv.vic.gov.au/ForConsumers/OverviewofgasindustryinAustralia/NaturalGasinAustralia/tabid/296/Default.aspx|title=History of Natural Gas in Australia|work=Energysafe Victoria|publisher=[[Government of Victoria (Australia)|Victorian Government]]|access-date=28 February 2011|archive-url=https://web.archive.org/web/20110216090103/http://esv.vic.gov.au/ForConsumers/OverviewofgasindustryinAustralia/NaturalGasinAustralia/tabid/296/Default.aspx|archive-date=16 February 2011|url-status=dead}}</ref> AGL was the second company to list on the [[Australian Securities Exchange|Sydney Stock Exchange]].<ref>{{Cite web|title=ASX history|date=March 2014|url=http://www.asx.com.au/about/history.htm|publisher=[[Australian Securities Exchange|ASX]]}}</ref> The company gradually diversified into electricity and into a number of different locations.

[[ActewAGL]], a joint venture between the Australian Gas Light Company and [[Icon Water]], a [[State-owned enterprise|government-owned enterprise]] of the [[Australian Capital Territory Legislative Assembly|ACT Government]], was formed in October 2000 as Australia's first utility joint venture.<ref>{{cite book |last=Wright|first=B.|year=2003|title=Canberra & the Capital Region, a new focus|publisher=Focus Publishing|location=NSW}}</ref> Twenty-five per cent 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.<ref name=CT>{{cite news|title=Actew's 'water' bill hits $2.5m|work=The Canberra Times|date=20 July 2012|last=Doherty|first=Megan|access-date=18 April 2013|url=http://www.canberratimes.com.au/act-news/actews-water-bill-hits-25m-20120719-22ddc.html#ixzz2Qo2uLSmL|archive-url=https://web.archive.org/web/20120822031904/http://www.canberratimes.com.au/act-news/actews-water-bill-hits-25m-20120719-22ddc.html#ixzz2Qo2uLSmL|archive-date=22 August 2012|url-status=dead}}</ref>

In 2000, AGL purchased emerging telecommunications provider Dingo Blue from C&W Optus for $22m.<ref name=":3">{{Cite news|last=Clegg|first=Brett|date=19 December 2000|title=AGL buys Dingo Blue for $22m|work=Australian Financial Review|url=https://www.afr.com/politics/agl-buys-dingo-blue-for-22m-20001219-k9upz}}</ref> AGL closed Dingo Blue down in 2003 <ref>{{Cite news|last=Staff Writers|date=16 September 2003|title=AGL closes Dingo Blue mobile business, settles Optus dispute|work=ARN|publisher=IDG Communications|url=https://www.arnnet.com.au/article/65203/agl_closes_dingo_blue_mobile_business_settles_optus_dispute/}}</ref>

AGL had New Zealand assets including a gas distribution system in the Hutt Valley and Porirua area, owned through its 71% owned subsidiary Natural Gas Corporation. This network was sold to Vector in 2004 for NZ$814 million.<ref>{{Cite news|date=12 October 2004|title=AGL sells NZ gas arm for $814m|work=The Age|url=https://www.theage.com.au/business/agl-sells-nz-gas-arm-for-814m-20041012-gdyse2.html}}</ref> The company bought Transalta NZ's electricity retail business for NZ$824 million in 2001.<ref>{{Cite news|date=30 June 2000|title=AGL powers to top of NZ energy tree|work=[[The New Zealand Herald]] |url=https://www.nzherald.co.nz/business/agl-powers-to-top-of-nz-energy-tree/IQQDWFC37TRCJJ4PJJVJY5SHRM/|access-date=18 November 2021}}</ref> Subsequently, selling the electricity retail asset for a loss.<ref>{{Cite news|date=8 March 2002|title=AGL profit goes right off the boil|work=The Age|url=https://www.theage.com.au/business/agl-profit-goes-right-off-the-boil-20020308-gdu13v.html|access-date=18 November 2021}}</ref>

On 6 October 2006, the Australian Gas Light Company and [[Alinta]] merged and restructured to create two new listed companies, a restructured Alinta Ltd and AGL Energy Ltd.<ref>{{Cite web|date=27 December 2006|title=AGL – Alinta Transaction: Class Ruling|url=http://www.agl.com.au/~/media/AGL/About%20AGL/Documents/Media%20Center/Investor%20Center/061217_AGL%20Alinta%20Transaction%20Class%20Ruling_External%20Relations_Media%20Release.pdf|url-status=dead|archive-url=https://web.archive.org/web/20140313071322/http://www.agl.com.au/~/media/AGL/About%20AGL/Documents/Media%20Center/Investor%20Center/061217_AGL%20Alinta%20Transaction%20Class%20Ruling_External%20Relations_Media%20Release.pdf|archive-date=13 March 2014|publisher=AGL Energy|type=PDF}}{{Self-published source|date=July 2014}}</ref>

In Victoria, in June 2012, AGL Energy acquired [[Loy Yang Power Station|Loy Yang A Power Station]] and the Loy Yang coal mine.<ref name=":1">{{Cite web|title=Loy Yang Power Station {{!}} About AGL|url=https://www.agl.com.au/about-agl/how-we-source-energy/loy-yang-power-station|access-date=2021-11-17|website=www.agl.com.au}}</ref> Loy Yang A has four generating units with a combined capacity of 2,200 MW.<ref name=":1" />

In New South Wales, in September 2014 AGL Energy acquired [[Macquarie Generation]] from the New South Wales Government for $1.5 billion. Macquarie Generation's assets included the 2,640 MW [[Bayswater Power Station]], the 2,000 MW [[Liddell Power Station]], the 50 MW Hunter Valley Gas Turbines and the Liddell Solar Thermal Project.<ref name="macgen">{{Cite web|title=AGL Macquarie {{!}} About AGL|url=https://www.agl.com.au/about-agl/how-we-source-energy/agl-macquarie|access-date=2021-11-17|website=www.agl.com.au}}</ref> From the two thermal [[coal]] [[Fossil fuel power station|power stations]] and two oil-fired [[gas turbine]]s, Macquarie Generation supplies approximately 12% of the [[National Electricity Market]] and 30% of the New South Wales electricity market.<ref name=macgen/> In early stages, Macquarie has commenced development of [[solar thermal power]] as a [[renewable energy|renewable]] [[Energy development|source of energy]].

AGL announced in April 2015 and reaffirmed in September 2017 that it intends to close the Liddell Power Station in 2022.<ref>{{cite web |url=https://www.agl.com.au/about-agl/media-centre/asx-and-media-releases/2017/september/agl-energy-statement-on-liddell-power-station |title=AGL Energy statement on Liddell Power Station |date=6 September 2017 |access-date=6 September 2017 |publisher=AGL Energy}}</ref> The closure of this and other coal-burning power stations in Australia led to [[Prime Minister of Australia|Prime Minister]] [[Malcolm Turnbull]], to seek advice from the [[Australian Energy Market Operator]] on extending the life of a number of them,<ref name=indaily>{{cite news |url=https://indaily.com.au/news/2017/09/06/turnbull-throws-weight-behind-coal-power/ |title=Turnbull throws his weight behind coal power |newspaper=[[InDaily]] |first=Paul |last=Osborne |date=6 September 2017 |access-date=6 September 2017}}</ref> to head off future power shortages.<ref>{{Cite news|last=Hannam|first=Peter|date=7 September 2017|title=Liddell power plant operating below 40 per cent capacity, faces 'mammoth' woes|work=The Age|url=https://www.theage.com.au/environment/liddell-power-plant-operating-below-40-per-cent-capacity-faces-mammoth-woes-20170907-gycij7.html|access-date=18 November 2021}}</ref> Turnbull said the government had been advised that if the Liddell plant were to close in 2022, there would be a 1,000 MW gap in [[base load]], [[Dispatchable generation|dispatchable power generation]].<ref name=indaily/>

In 2018, AGL was among 17 energy businesses that supported the launch of the ''Energy Charter'', a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy.<ref>{{Cite news|last=Latimer|first=Cole|date=31 January 2019|title=Energy companies launch industry charter to win back consumers' trust|work=Sydney Morning Herald|url=https://www.smh.com.au/business/consumer-affairs/energy-companies-launch-industry-charter-to-win-back-consumers-trust-20190131-p50uq7.html|access-date=18 November 2021}}</ref><ref>{{Cite news|last=Australian Associated Press|date=31 January 2019|title=AGL, Energy Australia, Origin join charter to cut power prices|website=news.com.au|url=https://www.news.com.au/national/breaking-news/energy-sector-bands-together-for-customers/news-story/82f1771a5f58eda35864100227071b75|url-status=dead|access-date=|archive-url=https://web.archive.org/web/20190215215946/https://www.news.com.au/national/breaking-news/energy-sector-bands-together-for-customers/news-story/82f1771a5f58eda35864100227071b75|archive-date=15 February 2019}}</ref>

In 2019, AGL entered the telecommunications industry with the purchase of [[Southern Phone]], a regional telecommunications company.<ref>{{cite press release |url=https://www.agl.com.au/about-agl/media-centre/asx-and-media-releases/2019/december/agl-rings-in-a-new-era-with-acquisition-of-southern-phone-company-finalised |publisher=AGL |title=AGL rings in a new era with acquisition of Southern Phone Company finalised |date=19 December 2019 |access-date=23 April 2020}}</ref> In September 2020, AGL signed an agreement to acquire energy retailer [[Click Energy]] from [[Amaysim]] for $115 million.<ref>{{Cite web |last1=Fernyhough |first1=James |last2=Macdonald-Smith |first2=Angela |date=31 August 2020 |title=Amaysim offloads energy business to AGL |url=https://www.afr.com/companies/telecommunications/amaysim-offloads-energy-business-to-agl-20200831-p55qsq |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20201104055354/https://www.afr.com/companies/telecommunications/amaysim-offloads-energy-business-to-agl-20200831-p55qsq |archive-date=4 November 2020 |access-date=24 August 2024 |website=Australian Financial Review}}</ref><ref>{{Cite web |date=1 September 2020 |title=AGL to acquire Amaysim's Click Energy Group in Australia |url=https://www.power-technology.com/news/agl-acquire-amaysim-click-energy-group-australia/ |url-status=live |archive-url=https://web.archive.org/web/20200903100132/https://www.power-technology.com/news/agl-acquire-amaysim-click-energy-group-australia/ |archive-date=3 September 2020 |access-date=24 August 2024 |website=Power Technology}}</ref> The company began selling broadband Internet services under its own brand in November 2020 and, in February 2021, it launched AGL Mobile, a mobile phone service provider.<ref>{{Cite web |last=Duckett |first=Chris |date=2020-11-12 |title=AGL makes its move into reselling NBN services |url=https://www.zdnet.com/home-and-office/networking/agl-makes-its-move-into-reselling-nbn-services/ |access-date=2024-08-27 |website=ZDNET |language=en}}</ref><ref>{{Cite web |last=Crozier |first=Ry |date=2021-02-01 |title=AGL launches mobile services on Optus network |url=https://www.itnews.com.au/news/agl-launches-mobile-services-on-optus-network-560454 |access-date=2024-08-27 |website=iTnews}}</ref>

In June 2021, AGL announced its intention to split into a bulk power generator and a carbon-neutral energy retailer. AGL Energy was to be rebranded as Accel Energy and hold the company's coal-fired power plants and wind farm contracts, while the electricity and gas retail assets were to be [[Corporate spin-off|spun off]] into a separately listed company, AGL Australia.<ref>{{Cite press release|title=Confirmation of intention to demerge, announcement of dividend actions and affirmation of earnings guidance|date=30 June 2021|publisher=ASX & AGL|location=Sydney|url=https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02389439-2A1306279?access_token=83ff96335c2d45a094df02a206a39ff4}}</ref> In May 2022, the proposed split was abandoned with the chairman, two board members and CEO resigning, the company citing the proposal was unlikely to gain the required 75% shareholder approval.<ref>[https://www.asx.com.au/asxpdf/20220530/pdf/459fg181kqf4tl.pdf AGL Energy Withdraws Demerger Proposal] AGL Energy May 2022</ref>

In August 2024, AGL announced it would acquire Firm Power, a grid-scale battery project developer, and its affiliated Terrain Solar, a developer of solar and wind farm projects, for $250 million.<ref>{{Cite web |last=Toscano |first=Nick |date=2024-08-14 |title=Top polluter AGL buys green energy group to power its shift from coal |url=https://www.smh.com.au/business/companies/top-polluter-agl-buys-green-energy-group-to-power-its-shift-from-coal-20240813-p5k26x.html |access-date=2024-08-24 |website=[[The Sydney Morning Herald]] |language=en}}</ref>

===Mergers and acquisitions===
This is a listing of AGL's corporate acquisitions and disposals.

<!-- use the dts|link=off template to get dates sorted correctly -->
<!-- The dollar and date sort is a little flaky; sometimes need to click a few times to get it to sort right -->
{| class="wikitable sortable"
|-
!data-sort-type=date| Date
! Company
!class="unsortable"|Business
! data-sort-type=currency| Valuation<br />millions [[Australian dollar|AUD]]
! Acquisition / Sale
|-
|September 1995
|Solaris 50%<ref>{{Cite news|last=Skulley|first=Mark|date=6 December 1997|title=AGL adds spark to its gas business with Solaris purchase|work=Australian Financial Review|url=https://www.afr.com/companies/agl-adds-spark-to-its-gas-business-with-solaris-purchase-19971206-k7uhc#:~:text=Solaris%20is%20one%20of%20five,voltage%20transmission%20grid%20in%20October|access-date=18 November 2021}}</ref>
|Electricity distribution and retail
|$950 million (total value of Solaris)
|Acquisition
|-
|January 1998
|Solaris 50%<ref>{{Cite news|date=23 April 2004|title=The great Australian power sell-off|work=Crikey|url=https://www.crikey.com.au/2004/04/23/the-great-australian-power-sell-off/|access-date=18 November 2021}}</ref>
|Electricity distribution and retail
|$219 million
|Acquisition
|-
|January 2000
|[[Electricity Trust of South Australia]]<ref>{{Cite news|last=Guy|first=Robert|date=29 January 2000|title=Power sale helps slash SA debt|work=Australian Financial Review|url=https://www.afr.com/markets/commodities/power-sale-helps-slash-sa-debt-20000129-k96k5|access-date=18 November 2021}}</ref>
|Electricity retail
|$219 million
|Acquisition
|-
|July 2000
|Australian Pipeline Trust<ref>{{cite web|date=2021|title=APA Our History|url=https://www.apa.com.au/about-apa/our-history/|url-status=dead|website=APA Group|publisher=APA|access-date=22 July 2021|archive-date=25 May 2020|archive-url=https://web.archive.org/web/20200525163856/https://www.apa.com.au/about-apa/our-history/}}</ref>
|Pipeline assets
| -
|Sale
|-
|December 2000
|Dingo Blue<ref name=":3" />
|Telecom
|$22 million
|Acquisition
|-
|July 2002
|Pulse<ref>{{Cite news|date=2 July 2002|title=Energy giant AGL snaps up rival|work=CNN Business|url=http://edition.cnn.com/2002/BUSINESS/asia/07/02/aust.gas.biz/index.html?related|access-date=18 November 2021}}</ref>
|Electricity and gas retail
|$880 million
|Acquisition
|-
|November 2005
|Southern Hydro renewable generation<ref>{{Cite news|date=6 November 2005|title=AGL defends $1.4m Hydro deal|work=ABC News|url=https://www.abc.net.au/news/2005-11-06/agl-defends-14m-hydro-deal/2139624|access-date=18 November 2021}}</ref>
|737MW renewable generation across Victoria, NSW and South Australia.
|$1400 million
|Acquisition
|-
|February 2006
|Demerger splitting retail and distribution<ref>{{Cite news|date=13 February 2006|title=AGL releases demerger Scheme Booklet|work=ABN Newswire|url=https://www.abnnewswire.net/press/en/31191/AGL_releases_demerger_Scheme_Booklet.html|access-date=18 November 2021}}</ref>
|Splitting company into retail and distribution
| -
| -
|-
|February 2007
|Power Direct Retail<ref>{{Cite news|date=19 February 2007|title=AGL buys PowerDirect for $1.2 billion|work=Sydney Morning Herald|url=https://www.smh.com.au/business/agl-buys-powerdirect-for-1-2-billion-20070219-gdpi75.html|access-date=18 November 2021}}</ref>
|Electricity retail
|$1200 million
|Acquisition
|-
|August 2020
|Click Energy<ref>{{cite web|date=30 September 2020|title=AGL finalises acquisition of Click Energy|url=https://reneweconomy.com.au/agl-finalises-acquisition-of-click-energy-40566/|access-date=18 November 2021|website=Renew Economy|publisher=}}</ref>
|Electricity retail
|$115 million
|Acquisition
|}

==Operations and significant assets==
[[File:AGL Macquarie Bayswater and Liddell power stations.jpg|thumb|Aerial view of AGL Macquarie Bayswater (upper left) and Liddell (center) power stations (the latter was closed in 2023), with coal mining operations visible in the background]]

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.<ref name="page4">{{Cite report|url=https://www.agl.com.au/~/media/agl/about%20agl/documents/media%20center/asx%20and%20media%20releases/2013/september/agl%202013%20annual%20report.pdf|title=AGL Annual Report 2013|date=18 September 2013|access-date=18 November 2021}} {{Self-published source|date=July 2014}}</ref> The following tables listing significant assets are based on AGL's 2016 Annual Report.<ref>Page 17, [http://agl2016.annual-report.com.au/ "AGL Annual Report 2016"], September 2016</ref>

===Coal and gas fired power stations===
{|class="wikitable sortable" 
|-
!Source
!State
!Max. capacity (MW)
!Ref
|-
| [[Bayswater Power Station]] || [[New South Wales|NSW]] ||align="right"| 2640 ||
|-
| [[Liddell Power Station]] <br /> (Closed April 2023)|| NSW ||align="right"| 2000 ||
|-
| [[Loy Yang Power Station|Loy Yang A Power Station]] || [[Victoria, Australia|Vic]] ||align="right"| 2225 ||
|-
| [[Torrens Island Power Station]] || [[South Australia|SA]] ||align="right"| 1280 ||
|-
| [[Barker Inlet Power Station]] || SA ||align="right"| 210 ||
|-
| [[Somerton Power Station]] (Gas turbines) || Vic ||align="right"| 160 ||
|-
!colspan=4 style="background: #cccccc;" | 
|-
| [[Townsville Power Station]]<br />''50% interest – not operated by AGL''|| [[Queensland|Qld]] ||align="right"| 121<br />{{small|(50% of 242 MW)}} ||
|}

===Renewable energy===
{|class="wikitable sortable" 
|-
!Source
!State
!Max. capacity (MW)
!Ref
|-
| [[Dartmouth Dam|Dartmouth Hydroelectric Power Station]] || [[Victoria, Australia|Vic]] || align="right" | 180 ||
|-
| [[Eildon Dam|Eildon Hydroelectric Power Station]] || Vic || align="right" | 120 ||<ref name="whit.com.au">{{Cite web|url=http://www.whit.com.au/aemo-registered-participants/|title=AEMO Participant Registrations List|access-date=7 November 2016}}</ref>
|-
| [[Kiewa Hydroelectric Scheme]] || Vic || align="right" | 391 ||
|-
| [[Burrendong Dam|Burrendong Hydroelectric Power Station]] || NSW || align="right" | 19 ||<ref name="whit.com.au2">{{Cite web|url=http://www.whit.com.au/aemo-registered-participants/|title=AEMO Participant Registrations List|access-date=21 June 2022}}</ref>
|-
! colspan="4" style="background: #cccccc;" | 
|-
| [[Coopers Gap Wind Farm]]
(20% ownership)<br />''in development''
| [[Queensland|Qld]] || align="right" | 453 ||<ref name="Morris">{{Cite news|url=https://www.southburnetttimes.com.au/news/coopers-gap-wind-farm-given-the-green-light/3213573/|title=Coopers Gap Wind Farm given the green light|last=Morris|first=Katherine|date=17 August 2017|work=South Burnett Times|access-date=7 September 2017}}</ref>
|-
| [[Hallett Wind Farm|Hallet Wind Farms]] (1,2,4 & 5) || [[South Australia|SA]] || align="right" | 350 ||
|-
| [[Macarthur Wind Farm]] <br />(50%, sold 2015)|| Vic || align="right" | 420 ||
|-
| [[Oaklands Hill Wind Farm]] || Vic || align="right" | 63 ||
|-
| [[Silverton Wind Farm]] 
(20% ownership)
| NSW || align="right" | 200 ||<ref name="ecogeneration.com.au">{{Cite web|url=http://www.ecogeneration.com.au/agl-starts-construction-at-silverton-wind-farm/|title=AGL STARTS CONSTRUCTION AT SILVERTON WIND FARM|date=16 May 2017|website=EcoGeneration|access-date=7 September 2017}}</ref>
|-
| [[Wattle Point Wind Farm]] ||SA|| align="right"|91 || <ref>{{cite web |url=https://www.agl.com.au/about-agl/how-we-source-energy/wattle-point-wind-farm |title=Wattle Point Wind Farm |publisher=AGL Energy |access-date=1 June 2021}}</ref>
|-
! colspan="4" style="background: #cccccc;" | 
|-
| [[Nyngan Solar Plant|Broken Hill Solar Plant]] 
(20% ownership)
| [[New South Wales|NSW]] || align="right" | 53 ||
|-
| [[Nyngan Solar Plant]] 
(20% ownership)
| NSW || align="right" | 102 ||
|}

AGL holds 20% of the [[Powering Australian Renewables Fund]], which is Australia's largest privately owned renewable energy company.<ref>{{cite news |url=https://www.afr.com/companies/energy/nation-s-largest-renewable-energy-company-calls-for-net-zero-20210802-p58f4r |title=Nation's largest renewable energy company calls for net zero |first=Elouise |last=Fowler |date=3 August 2021 |newspaper=[[Australian Financial Review]] |access-date=28 July 2022}}</ref>

===Gas===
{|class="wikitable sortable" 
|-
!col width=250| Source
!State
!col width=200| Maximum capacity
!Ref
|-
| Newcastle Gas Storage || [[New South Wales|NSW]] ||align="right"| {{convert|1.5|PJ|e9kWh}} ||
|-
| Silver Springs Gas Storage || [[Queensland|Qld]] ||align="right"| {{convert|35|PJ}} ||
|}

===Upstream gas projects===
In 2015 the [[New South Wales Environment Protection Authority]] ordered the suspension of AGL's [[Gloucester, New South Wales|Gloucester]] operations after finding toxic chemicals had been introduced into Hunter Water's systems.<ref>{{cite news |url=http://www.canberratimes.com.au/business/mining-and-resources/csg-more-trouble-than-its-worth-for-agl-20150313-1421wi.html |title=CSG more trouble than it's worth for AGL |last1=Hannam |first1=Peter |date=14 March 2015 |website=www.canberratimes.com.au|access-date=13 March 2015}}</ref> The EPA subsequently found no "evidence of harm to the environment or pollution of waters"<ref>{{cite press release |author=<!--Staff writer(s); no by-line.--> |title=EPA investigations find no harm to the environment from AGL's Waukivory Pilot Project and recommend additional monitoring requirements |url=http://epa.nsw.gov.au/epamedia/EPAMedia15051902.htm |publisher=NSW Environment Protection Authority  |date=19 May 2015 |access-date=21 August 2015}}</ref> and AGL was allowed to continue its Gloucester operations.<ref>{{cite web |last=Gibney |first=Adrian |date=19 May 2015 |title=AGL cleared to resume Waukivory operations |url=http://aglblog.com.au/2015/05/agl-cleared-to-resume-waukivory-operations/ |website=AGL Energy Sustainability Blog |access-date=21 August 2015 |archive-url=https://web.archive.org/web/20160304081156/http://aglblog.com.au/2015/05/agl-cleared-to-resume-waukivory-operations/ |archive-date=4 March 2016 |url-status=dead }}</ref>

In February 2016, AGL announced that exploration and production of natural gas assets would no longer be a core business for the company. This followed years of campaigning, including protests at shareholder meetings and a non-violent blockade of exploration sites, by anti-CSG community group Groundswell Gloucester.<ref>{{Cite web |last1=Watts |first1=John |last2=Lyford |first2=Julie |date=2023-07-19 |title=Groundswell Gloucester: fighting and winning against fracking |url=https://commonslibrary.org/groundswell-gloucestor-fighting-fracking/ |access-date=2023-10-23 |website=The Commons Social Change Library |language=en-AU}}</ref>  This announcement included clarification that AGL would not proceed with the Gloucester gas project and that it would cease production at the Camden Gas Project in South West Sydney in 2023, twelve years earlier than previously proposed.<ref>{{Cite news|url=http://www.theaustralian.com.au/business/mining-energy/agl-to-quit-natural-gas-exploration-production/news-story/352a9901ed6f92e5d5df5507fad688a5|title=AGL to quit natural gas exploration, production|last=Stewart|first=Robb M.|date=4 February 2016|work=The Australian|access-date=7 September 2017}}</ref>

AGL has implemented a decommissioning and rehabilitation program for its well sites and other infrastructure in the Gloucester region.<ref>{{Cite news|url=http://www.abc.net.au/news/2016-02-17/agl-outlines-plans-to-rehabilitate-csg-wells-near-gloucester/7175150?pfmredir=sm|title=AGL outlines plans to rehabilitate CSG wells near Gloucester|date=17 February 2016|work=ABC News|access-date=7 September 2017}}</ref> In November 2016, AGL commenced the progressive decommissioning and rehabilitation of wells at the Camden site.<ref>{{Cite news|url=http://www.dailytelegraph.com.au/newslocal/macarthur/agl-will-close-17-wells-in-201718-as-it-prepares-to-close-the-camden-gas-project-by-2023/news-story/caa5b04d5e0ad151a356fbf38fa941d0|title=AGL WILL CLOSE 17 WELLS IN 2017–18 AS IT PREPARES TO CLOSE THE CAMDEN GAS PROJECT BY 2023|date=28 November 2016|work=Macarthur Chronicle|access-date=7 September 2017}}</ref>

===Power generation projects in development===
====Coopers Gap Wind Farm====
In August 2017, it was announced that the [[Coopers Gap Wind Farm]] would proceed to construction, with AGL securing funding from the Powering Australian Renewables Fund.<ref name="Morris"/> When completed the 453 MW Coopers Gap Wind Farm will be the largest in Australia.<ref>{{Cite web|url=http://statements.qld.gov.au/Statement/2017/8/17/all-turbines-go-for-coopers-gap-wind-farm-set-to-be-australias-largest|title=All turbines go for Coopers Gap Wind Farm, set to be Australia's largest|date=17 August 2017|website=The Queensland Cabinet and Ministerial Directory|access-date=7 September 2017}}</ref> The final wind turbine at the Coopers Gap Wind Farm was completed in April 2020.

====Silverton Wind Farm====
In May 2017, it was announced that construction had commenced on the 200 MW [[Silverton Wind Farm]] in north western New South Wales.<ref name="ecogeneration.com.au"/>

====Barker Inlet Power Station====
In June 2017, AGL announced the development of a new $295 million gas-fired generator in South Australia. The [[Barker Inlet Power Station]], will replace two of the four [[Torrens Island Power Station|Torrens Island A]] turbines which are expected to be decommissioned in late 2020. The island's B turbines will continue to operate as usual.<ref>{{Cite news|url=http://www.abc.net.au/news/2017-06-07/agl-announces-new-sa-power-station/8596016|title=AGL announces plans for new gas-fired power station in South Australia|last=Harmsen|first=Nick|date=7 June 2017|work=ABC News|access-date=7 September 2017}}</ref> The Barker Inlet Power Station was officially completed and handed over to AGL in early 2020.

====Crib Point Gas Import Jetty====
In August 2017, [[Crib Point, Victoria|Crib Point]] Import Jetty was announced as the preferred location for a new terminal importing gas from other markets.<ref>{{Cite news|url=http://www.heraldsun.com.au/leader/south-east/250m-gas-import-terminal-slated-for-crib-point/news-story/6aabd1b780a167a30cabf30cff6f0abe|title=$250m gas import terminal slated for Crib Point|last=Andrews|first=Jon|date=20 August 2017|work=Herald Sun|access-date=7 September 2017}}</ref> The project is expected to cost $250 million, with construction expected to commence in 2021.<ref>{{Cite news|url=http://www.abc.net.au/news/2017-08-10/agl-crib-point-mornington-peninsula-preferred-site-gas-pipeline/8794836|title=Proposed AGL pipeline at Mornington Peninsula potential 'game changer' for energy prices|last=Clure|first=Elias|date=11 August 2017|work=ABC News|access-date=7 September 2017}}</ref>

In 2021, the Andrews State Government halted the project, despite gas shortages being forecasted, forcing AGL to announce that it would no longer proceed with the project.

====Kanmantoo pumped hydro====
In April 2019, AGL announced that it had acquired the right to develop a [[pumped hydroelectric energy storage]] project in the mined-out main pit of the [[Kanmantoo mine]] on the eastern side of the [[Adelaide Hills]] in [[South Australia]].<ref>{{cite news |url=https://indaily.com.au/news/business/2019/04/16/pumped-hydro-future-for-kanmantoos-big-pit/ |newspaper=[[InDaily]] |title=Pumped hydro future planned for Kanmantoo's big pit |date=16 April 2019 |first=Andrew |last=Spence |access-date=4 July 2019}}</ref> The project is expected to be capable of storing and generating 250MW of electricity from 2024.<ref>{{cite web |url=https://www.agl.com.au/about-agl/media-centre/asx-and-media-releases/2019/april/agl-secures-right-to-develop-pumped-hydro-energy-storage-project-in-south-australia |title=AGL secures right to develop pumped hydro energy storage project in South Australia |date=16 April 2019 |access-date=4 July 2019}}</ref> In early 2020, AGL announced that it would not be proceeding with the Kanmantoo Pumped Hydro project.

===Carbon emissions output===
AGL currently owns three [[Coal-fired power station|coal-burning power stations]] which produce a majority of its power generation.<ref name="2021datacentre.agl.com.au">{{Cite web|date=2021|title=Electricity output by primary energy source |url=https://www.2021datacentre.agl.com.au/infrastructure/electricity-output-by-primary-energy-source |url-status=live |access-date=28 July 2022 |website=AGL 2021 Data Centre |archive-url=https://web.archive.org/web/20220305162232/https://www.2021datacentre.agl.com.au/infrastructure/electricity-output-by-primary-energy-source |archive-date=5 March 2022}}</ref>
 
The Australian Government [[Clean Energy Regulator]] publishes an annual list of the ten largest emitters of [[greenhouse gas]]es. In the 2019-20 [[Fiscal year|financial year]], AGL came first place on the list, with reported emissions of 42.4 million [[tonnes]],<ref name=":2" /> which is equivalent to nine million cars on the road.

AGL is responsible for more than double the [[Greenhouse gas emissions|carbon emissions]] of Australia's second-biggest electricity generator, and more than [[BHP]], [[Rio Tinto (corporation)|Rio Tinto]], [[Glencore]], and [[Qantas]] combined. AGL's coal-burning power stations are responsible for eight per cent of [[Greenhouse gas emissions by Australia|Australia's total national emissions]].

==Powering Australian Renewables==
In February 2016, AGL announced the creation of the [[Powering Australian Renewables Fund]].<ref>{{Cite news|url=http://www.smh.com.au/business/energy/agl-energy-going-greener-with-launch-of-3b-renewable-energy-fund-20160209-gmq2in.html|title=AGL Energy going greener with launch of $3b renewable energy fund|last=Macdonald-Smith|first=Angela|date=10 February 2016|work=[[The Sydney Morning Herald]] |access-date=7 September 2017|archive-url=https://web.archive.org/web/20160213043227/http://www.smh.com.au/business/energy/agl-energy-going-greener-with-launch-of-3b-renewable-energy-fund-20160209-gmq2in.html|archive-date=13 February 2016|url-status=dead}}</ref> The Powering Australian Renewables Fund or PARF (now PowAR), owns and develops more than 1,000MW of large-scale renewable energy projects to support Australia's renewable energy capacity and transition to a low-carbon economy. Once fully invested, PARF expects to own approximately 10% of Australia's renewable energy capacity.<ref>{{Cite web|url=http://www.qic.com.au/knowledge-centre/qic-enters-strategic-renewable-energy-partnership-20160726|title=QIC ENTERS STRATEGIC RENEWABLE ENERGY PARTNERSHIP WITH AGL|date=26 July 2016|website=QIC.com.au|archive-url=https://web.archive.org/web/20170223134339/http://www.qic.com.au/knowledge-centre/qic-enters-strategic-renewable-energy-partnership-20160726|archive-date=23 February 2017|url-status=dead|access-date=7 September 2017}}</ref>

In June 2016, [[Queensland Investment Corporation]] and the [[Future Fund]] joined AGL as investors in Powering Australian Renewables.<ref>{{Cite news|url=http://www.smh.com.au//breaking-news-business/agl-gets-qic-and-future-fund-as-partners-20160727-4ihga.html|title=AGL gets QIC and Future Fund as partners|date=27 July 2016|work=[[The Sydney Morning Herald]] |access-date=7 September 2017|archive-url=https://web.archive.org/web/20170907084541/http://www.smh.com.au//breaking-news-business/agl-gets-qic-and-future-fund-as-partners-20160727-4ihga.html|archive-date=7 September 2017|url-status=dead}}</ref>

==See also==
{{stack|{{Portal|Australia|Energy}}}}
* [[Better Place (company)|Better Place]]
* [[Renewable energy in Australia]]

==References==
{{Reflist}}

==External links==
*[http://www.agl.com.au/ Company website]

{{S&P/ASX 50}}
{{S&P/ASX 200}}

[[Category:Companies based in Sydney]]
[[Category:Companies listed on the Australian Securities Exchange]]
[[Category:Electric power companies of Australia]]
[[Category:Energy companies established in 1837]]
[[Category:Australian companies established in 1837]]
[[Category:1837 establishments in Australia]]