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AGL has a nice new CEO who is saying a lot but saying very little. Time will tell whether the energy companies are for real. With changing attitudes companies who do not make big changes and innovative changes will go to the wall.
AGL have already shutdown and mothballed a large part of Torrens Island Power Station, have reduced generation at Somerton Gas Turbines to almost nil because the cost of gas has sky rocketed to very high levels due to gas being exported and bringing a higher price than it does when converted to electricity. I will be interested to see how AGL manages these changing times. AGL and Snowy Mountains Hydro are the only remaining fully Australian Owned major Generating companies remaining. Their demise would spell a total melt down of the energy sector as we know it.
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