Delivered an underlying net profit after tax of $378.8 million, up 11.1% on the previous year
Paid fully franked dividends totalling 54.0 cents per share to our Shareholders for the full year 2008/09
Completed a $3.2 billion non-core asset divestment program, including the sale of our upstream oil and gas reserves in Papua New Guinea and our interests in Queensland Gas Company Limited (QGC) and Elgas, to improve balance sheet strength
Underwrote construction of the Queensland – South Australia – New South Wales Link (QSN). This pipeline, which became operational in 2008/09, connects Queensland gas markets with those of New South Wales, Victoria and South Australia
Refinanced our 2009 and 2010 debt maturity of $800 million
Had our long-term credit rating affirmed as ‘BBB’, with Standard and Poors revising the rating outlook to stable from negative
Commissioned the Berwyndale to Wallumbilla gas pipeline (BWP) in Queensland
Acquired Sydney Gas Limited and numerous other gas production rights including PEL 101 and PEL 103 in the Cooper Basin and PEL 285 in the Gloucester Basin
Grew our portfolio of renewable and conventional generation assets, including the announcement of construction of the 132 MW Hallett 4 Wind Farm and the continued construction of the 71 MW Hallett 2 Wind Farm and the 140 MW Bogong hydroelectric power station
Took our first step into the geothermal energy sector with a cornerstone investment in Torrens Energy Limited. AGL and Torrens Energy have also entered into a Geothermal Alliance Agreement to commercialise base load geothermal projects close to the electricity transmission network
Completed the last of the conversions of customers to our new SAP-based retail business platform
