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AGL as Australia’s leading integrated renewable energy company is taking action toward creating a sustainable energy future for our customers, our investors and the communities in which we operate.
Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio.
AGL has Australia's largest retail energy and dual fuel customer base, retailing natural gas, electricity and energy-related products and services to 3.2 million customer accounts across New South Wales, Victoria, South Australia and Queensland.
AGL is Australia’s largest private owner and/or controller and developer of renewable generation assets and has an industry-leading portfolio of renewable and thermal (gas fired) power generation development projects. AGL also has one of Australia’s largest contracted gas portfolios and emerging positions in new coal seam gas (CSG) developments.
Listed on the Australian Securities Exchange (ASX code: AGK), AGL is an S&P/ASX 50 company with a market capitalisation of over A$6 billion. AGL maintains a BBB investment grade credit rating from Standard & Poor’s.
AGL’s integrated strategy provides access to multiple profit pools and balances risk between upstream supply of energy and our customers’ demand for energy.
Further information about our integrated strategy is available in the Economic Performance section of this report.
Our Retail, Merchant Energy and Upstream Gas businesses are supported by a full complement of corporate services.
Ownership of large scale electricity or gas transmission and distribution systems that are used to transport energy from the upstream supply side (gas production and electricity generation) to the end customer is not core to AGL’s integrated strategy. AGL does not own gas or electricity distribution networks or electricity transmission networks, but does have some strategic investments in gas transmission infrastructure as outlined in the Economic Performance section of this report.
We sell electricity and natural gas to 3.2 million residential, small business and commercial customer accounts in Queensland, New South Wales, Victoria and South Australia. A breakdown of our customer numbers by State and fuel type is provided in the Economic Performance section of this report.
In 2008/09 the total amount of energy sold to mass market customers was 14,803 GWh of electricity and 63.0 PJ of gas.
AGL also sold an additional 19,163 GWh of electricity and 91.9 PJ of gas to our major commercial and industrial customers.
Merchant Energy is responsible for managing AGL's power generation assets as well as our wholesale portfolio including gas and electricity sourcing. Merchant Energy manages energy sales to our major customers and other retailers, and provides energy efficiency and carbon management services.
AGL has a diverse power generation portfolio, including base-load, peaking and intermediate generation plants spread across traditional thermal (gas and coal) as well as renewable sources (including hydro, wind, landfill gas and biomass).
AGL's owned and/or controlled renewable energy generation assets comprise around 26% of our generation portfolio (by installed capacity). More information on AGL’s renewable assets is available in the Greenhouse section of this report.
Upstream Gas is responsible for growing our upstream gas portfolio to secure long-term, sustainable and market competitive gas supplies for our customers and for our power generation requirements.
The investments that make up AGL’s upstream gas portfolio include:
Upstream Gas also manages AGL’s 9.9% equity interest in Torrens Energy. AGL and Torrens Energy have a 50/50 Geothermal Alliance Agreement to commercialise base load geothermal projects close to the electricity transmission network.
We have a portfolio of projects in different stages of development to deliver strategic depth and flexibility to our generation portfolio. Projects under development in 2008/09 included:
