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AGL Energy Ltd. history, profile and corporate video

AGL Energy Ltd. is an integrated renewable energy company, which provides natural gas distribution services. It operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. The company has power generation portfolio, including base, peaking and intermediate generation plants, spread across traditional thermal generation and renewable sources, including hydro, wind, landfill gas and biomass. It operates in four segments: Retail Energy, Merchant Energy, Upstream Gas and Energy Investments. The Retail Energy segment sells natural gas, electricity and provides energy-related products and services to residential and small business customers. The Merchant Energy segment develops, operates and maintains power generation assets and managing the risks associated with the procurement and delivery of gas and electricity for its wholesale portfolio and retail energy segment. The Upstream Gas segment invests in and operates gas exploration, development and production tenements and develops and operates gas storage facilities. The Energy Investments segment includes equity accounted investments in the ActewAGL Retail Partnership and Greater Energy Alliance Corporation Pty Ltd. AGL Energy was founded on October 9, 2006 and its business roots back to 1837, is headquartered in North Sydney, Australia.

“AGL Energy History

The Australian Gas Light Company was formed in Sydney in 1837, and supplied town gas for the first public lighting of a street lamp in Sydney in 1841.AGL was also the second company to list on the Australian Stock Exchange. The company gradually diversified into electricity and into a number of different locations.

On 6 October 2006, Australian Gas Light Company and Alinta Limited shareholders approved the merger of AGL’s infrastructure assets with Alinta and the subsequent separation of AGL Energy.”

*Information from Forbes.com and Agl.com.au

**Video published on YouTube by “AGL Energy

Industry:

Electric Utilities