Utilities one of the only sectors with positive sales, page-231

Even if AGL were to slash the dividend by 40%, while they reshape the business, it would still be a BUY, paying then 4.47%.

As other posters have already said, every closure of a coal fired station, whether or not its owned by AGL, puts pressure on alternative generation to fill the gap, at a higher cost per kilowatt generated, so guess who will ultimately benefit from that?

I dont know the specifics of AGL's coal plants, but coal fired plants can generally be converted to gas, which Aussie has plenty of, thereby retaining the value of the freehold site, buildings, switchgear, and all other infrastucture.

Someone who has a better knowledge of their proximity to gas mains, & suitability to convert, please comment.