AGL's Investor Day Highlights Massive Investment Needed to Adapt
At its investor day, narrow moat-rated AGL Energy discussed plans to adapt to the changing energy market. The firm is redeploying free cash flows from highly profitable but ageing coal-fired power stations into new renewable generation and gas-fired peakers. It is also investing in IT to drive cost efficiencies, and in speculative new energy projects to keep abreast of the rapidly changing industry. While this all makes sense, management has a tough job. It must juggle energy bill affordability,...AGL Energy is a renewable energy company, serving customers throughout eastern Australia. Co. has four segments: Energy Market, which sells electricity, natural gas, and energy related products and services to consumer market, business and wholesale customers, servicing approximately 3.7 million customer accounts as of June 30 2016; Group Operations, a diverse power generation portfolio; New Energy, which focuses on taking new and distributed technologies to market in Australia, including AGL Solar, and Distributed Energy Services such as Active Stream, its digital meter installation and data provider business; and Investment, which include investments in various energy related business.
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