AGL, which operates coal- and gas-fired power plants and renewable energy generators around the nation, posted a $2.3 billion loss for the first half of 2021.
Mr Redman on Tuesday said “New AGL” would be Australia’s largest multi-product energy retailer, delivering power, gas internet and mobile services to more than 30 per cent of Australian households with a net-zero carbon footprint.
The other company, “PrimeCo”, would include AGL’s coal-fired power stations, gas-fired power stations and renewable energy assets including wind farms.
TLS Price at posting:
$3.44 Sentiment: Hold Disclosure: Held
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