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Latest AGL Energy Stories

2010-01-26 08:52:00

ATLANTA, Jan. 26 /PRNewswire-FirstCall/ -- AGL Resources (NYSE: AGL) today announced it is offering utility-related efficiency and enhancement programs to large clients ranging from government agencies to schools and hospitals as part of the company's focus on new business development. AGL Resources will provide these services through its new AGL Energy Services program. "The AGL Energy Services program builds on our core competencies by capitalizing on our ability to deliver...

2010-01-11 12:38:00

ATLANTA, Jan. 11 /PRNewswire-FirstCall/ -- AGL Resources (NYSE: AGL) today announced that its six distribution companies have helped customers weather the cold temperatures dominating the East Coast by breaking the company record for peak-day natural gas delivery twice during the past week. On Jan. 8, the company delivered 3,078,064 dekatherms of natural gas to customers within AGL Resources' footprint, which stretches from New Jersey to Florida. The company operates Atlanta Gas Light in...

2008-11-05 09:00:28

AGL Energy, an integrated energy company, has a acquired a 400TJ gas bank and 50% of Tri-Star Petroleum's current joint venture working interests and related assets in the Spring Gully Project for A$15.75 million. Michael Fraser, managing director of AGL, said: "Whilst a modest transaction, this investment is consistent with our objective of increasing direct access to gas reserves. Tri-Star discovered two of the largest coal seam gas fields in Australia and AGL is keen to develop an...

2008-10-31 03:00:14

AGL Energy has announced its intention to sell all of its shares in the Queensland Gas Company into the BG bid unless a superior offer emerges for the entirety of Queensland Gas. AGL's decision came after the announcement made by BG International, a wholly owned indirect subsidiary of the BG Group, of its on-market bid for the Queensland Gas Company (QGC). AGL also advised that it has entered into an option agreement with BG that provides AGL the right to acquire 1,097 peta joules (PJ) of...

2008-10-31 03:00:14

Australia-based AGL Energy has executed sale and purchase agreements for all of its oil and gas exploration and production interests in Papua New Guinea, which include a 3.6% interest in the PNG LNG project. Net proceeds as a result of the sale, after closing out oil hedges, will be approximately A$1.1 billion. No capital gains tax will be payable in either Papua New Guinea (PNG) or Australia on proceeds from the sale. The agreed sale price under the sale and purchase agreements (SPA) is...

2008-10-23 09:00:32

Better Place has announced agreements with AGL Energy and financial advisor Macquarie Capital to raise A$1 billion and begin deploying an electric vehicle network powered by renewable energy. Better Place will use its scalable model, which Israel and Denmark have adopted, to build the electric vehicle (EV) network in Australia. Macquarie will assist in business development and will help raise A$1 billion for the network build. In support of the project, AGL will provide electricity from...

2008-10-16 03:00:18

AGL Energy, an integrated energy company, has appointed Les Hosking as a non-executive director to its board, effective November 1, 2008. Mr Hosking is currently managing director of the National Electricity Market Management Company (NEMMCo), the company which administers and operates the national electricity market. Mr Hosking also has more than 30 years experience in Australian financial markets. Mark Johnson, chairman of AGL, said: "Mr Hosking is extremely knowledgeable about the...

2008-10-02 06:00:31

Linde Group has acquired the remaining 50% of the shares in the Australian liquefied propane gas company Elgas at an equity value of E126 million. Elgas is a 50-50 joint venture between BOC, a member of the Linde Group, and AGL Energy. Elgas has achieved sales of around E255 million in the financial year 2007 and currently employs about 460 people. Wolfgang Reitzle, CEO of Linde, said: "This transaction will enable us to strengthen our position as the leading supplier of gases in...

2008-09-04 03:00:23

EESTech and AGL Energy have signed a memorandum of understanding to establish a demonstration project using EESTech's proprietary Hybrid Coalmine Gas Technology. EESTech's Hybrid Coalmine Gas Technology (HCGT) utilizes ventilated coalmine methane gas that would otherwise be vented to the atmosphere, as a fuel source to generate reliable, cost-effective electricity. Methane gas is deemed to have a global warming potential that is 21 times more damaging to the atmosphere than CO2. EESTech's...

2008-08-29 09:00:56

Australia-based AGL Energy has sold its 71MW Hallett-2 wind farm to the Energy Infrastructure Trust managed by ANZ Infrastructure Services in a transaction that will see AGL retain all renewable energy certificates, electricity output and asset naming rights until 2035. Using a transaction structure similar to AGL's December 2006 sale of the Hallett-1 wind farm, Energy Infrastructure Trust (EIT) will acquire Hallett-2 and fund all remaining development and construction costs. EIT will own...


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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