AGL Energy Limited

Wednesday, September 8th, 2010

AGL Energy Limited (ASX:AGK) established ‘The Australian Gas Light Company’ in 1837 and is one of Australia’s oldest businesses, 34 years later (1871), the company became the second business to list on the Sydney Stock Exchange.

The company’s principal activities are:

  • The sale of gas & electricity;
  • Ownership and operation of natural gas and electricity distribution networks;
  • Operation of natural gas transmission pipelines and the extraction & sale of LPG; and
  • Power generation and the control of energy processing infrastructure.

AGK is Australia’s largest natural gas and electricity  company. The company’s customer base is serviced by a substantial integrated generation portfolio with diversity across geography, fuel type and generation mix. AGK has substantial long term gas supply contracts, a growing portfolio of upstream coal seam gas reserves and utilises the energy derivative markets to hedge pricing.

AGK is also Australia’s largest private owner/operator of renewable energy with a focus on hydro and wind power.


Retail Energy (2010 Operating EBIT: $318.7M): This division handles the purchase, sale and marketing of household gas and electricity supplies. AGK’s provides energy services to approximately 3.2M customers.

Merchant Energy (2010 Operating EBIT: $386.1M): Merchant Energy is responsible for:

  • developing, operating and maintaining AGK’s power generation assets; and
  • helping their major customers prepare for a carbon constrained future while managing the risks associated with securing and delivering gas and electricity to AGK’s wholesale and retail operations.

Upstream Gas (2010 Operating EBIT: $5.5M): This division is responsible for building AGK’s emerging positions in coal seam gas and geo thermal developments.

>> click to read the full AGL Energy Company report. You must be a MyClime subscriber, or have signed up for a FREE TRIAL

Comments are closed.

Clime Private Wealth Pty Limited | ABN 87 617 235 168 Is a Corporate Authorised Representative | CAR 001263076 of Clime Asset Management Pty Limited | AFSL 221146

The information provided on this webpage and the rest of is intended for general use only. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein. Please consider our Information Memorandum, Product Disclosure Statement and Financial Services Guide before investing in one of our products. Past performance is no guarantee of future returns.
CALL 1300 788 568

Sign in to: