DOCSLIB.ORG

Minutes – Gwcf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Minutes – Gwcf MINUTES – GWCF MEETING: Gas Wholesale Consultative Forum DATE: Tuesday, 11 November 2014 TIME: 10am – 12.30pm LOCATION: Melbourne, Sydney, Adelaide, MEETING #: 4 ATTENDEES: COMPANY COMPANY AEMC Gas Trading AEMO GDF SUEZ AER Hydro Tasmania AGL Jemena APA Lumo Click Energy M2 Energy COVA U Pty Ltd Major Energy Users Association Energy Australia Origin Epic Energy SEAGas 1. Apologies Apologies noted were from participants at Jemena. 2. Confirm agenda The agenda was confirmed with no amendments. 3. Minutes of previous meeting The GWCF and STTM confirmed the minutes of meeting number 3 held on 12 August 2014 with no amendments. Origin noted that action item 3.4 – Gas Market Prudentials – AEMO to present a draft plan of work – was moving slowly. AEMO responded that this was due to resourcing issues and that a timeline of work will be presented to the forum early in the New Year. APA noted that action item 1.2 – Directional Flow Point Constraint Pricing – provide further work examples and scenarios - is still pending. AEMO responded that this is to go on the forward plan pending on the Application of Constraints in the DWGM issue. 4. Items for discussion or Noting 4.1 AEMO spoke to the forum regarding the Victorian gas industry emergency activation that occurred on 5 November 2014. This was due to the activation of the slam shut valves at the Wollert city gate during the pigging of the Wollert to Keon Park Pipeline. A contingency plan that was put in place with AusNet Services (who were on standby) to reopen a network valve was activated. Envestra were also on standby to open the North Melbourne valve in case of high demand, but this was not necessary. Due to the issues launching the pig, the operation extended past the evening peak. The pig stopped moving between 9pm and 10pm AEDT when it was close to the pig receiver at Keon Park. AEMO determined that this was not a threat to system security and that the pig would most likely move into the receiver during the morning peak, which occurred. No threat to system security was declared and APA confirmed that they have sufficient data from the pig run so it does not have to be performed again. This was work was initially scheduled for May and June 2014 but AEMO requested it be deferred due to the risk of supply if there were any issues. In the last week of October a cleaning and gauging peak run was completed. During these runs it was determined that there would not be sufficient velocity to run the heavier intelligent pig that measures the thickness of the pipeline. A revised plan that included the closure of an AusNet Services network valve was developed. AGL asked what the purpose of the line is. AEMO responded that the pipeline supplies Melbourne’s northern suburbs during winter and it also supplies the Somerton Power Station. During the summer supply through the Wollert city gas is usually closed, but during high import flows from New South Wales via Culcairn this line has been required to supply this gas into Melbourne. Jemena asked that when gas incident notices are sent, can any further detail go in to the subject heading, or can they be rated on level of emergency. AEMO responded that they would look in to this with AEMO’s Emergency Services. Action – AEMO to look into providing further detail on gas incident notices. 4.2 Application of Constraints in the DWGM AEMO spoke to the forum in regards to the Application of Constraints in the DWGM. In addition to this being discussed at the August 2014 GWCF, a second workshop was held in October to discuss the proposed solution that APA would provide AEMO with the injection withdrawal capacities at Culcairn. There has been 2 emails from participants received in response to the proposed solution. Since the workshop AEMO have developed some next steps which AEMO are planning to have implemented prior to winter 2015. AGL stated that experience to date is that ancillary payments have been associated with LNG injections at Dandenong, and would like some examples of ancillary payments that don’t involve Dandenong – how and where these can be generated. AEMO responded that they would contact AGL separately to clarify specifics. Jemena asked how APA did their modelling to which APA responded that they looked at physical constraints on the Moomba Sydney Pipeline (MSP), rather than the Declared Transmission System (DTS). APA asked if AEMO can share the difference between injection capacities of the facilities connected to the southwest, and would like to see this information in context to this issue. Actions - • Follow up with stakeholders regarding specific training, education and scenarios. • Provide a forward plan of dates that includes training, pre-winter strategy and consultation on the gas scheduling procedures • Provide information outlining the difference between injection capacities of the facilities connected to the southwest in context to the issue. 4.3 Gas Fee Methodology Review AEMO spoke to the forum in regards to the Gas Fee Methodology review. Submissions closed on 17 October and 5 were received that are on the AEMO website. Based on the submission there does not seem to be a large appetite for substantial change at present in the DWGM and STTM. GWCF NOVEMBER 2014 - MINUTES PAGE 2 OF 9 The fee structure for the NSW FRC market is different to the fee structures for the Victorian, Queensland and South Australian FRC markets. The key issue to be resolved is whether the fee structures for all FRC gas markets should be consistent. AEMO will be seeking further input on this issue via individual discussion and via feedback on the draft determination. Next steps include: • Draft determination published on 15 December 2014 with feedback being sought until 20 January 2015 • Final determination published 31 March, effective from 1 July 2015. For any further questions on the Gas Fee Methodology Review please contact Jack Fitcher – [email protected] , 03 9609 8506 or Sandra Chui – [email protected] , 03 9609 8603. 4.4 Energy Consumers Australia Fee Collection Methodology AEMO spoke to the forum in regards to the Energy Consumers Australia (ECA) Fee Collection Methodology. The ECA gas funds are currently recovered from retailers on a dollar per metre charge. Submissions on the consultation paper closed on 24 October and AEMO are not proposing to make any changes to how fees are charged to recover the ECA gas funds. The annual budget is not determined by AEMO and AEMO are yet to be advised of the budget for the remainder of 2014-15 by the ECA . AER asked what a compressed consultation is. AEMO responded that there was smaller time frame for this consultation, which went for 2 weeks. Origin commented that AEMO did not have to consult on this and asked what the changes are on the electricity side. AEMO responded that under the current Consumer Advocacy Panel, fees are charged on a dollar per MW basis, and a dollar per connection point basis is currently being proposed. For any further questions on the Energy Consumers Australia Fee Collection Methodology please contact Jack Fitcher – [email protected] , 03 9609 8506 or Sandra Chui – [email protected] , 03 9609 8603. 4.5 VoLL/CPT settings for the STTM AEMO spoke to the forum about a potential review of the Short Term Trading Market (STTM) market parameters. At this stage AEMO does not have sufficient information to determine whether a review of market parameters is needed at this time. AEMO stated that it would therefore seek professional advice to assist its determination. Based on this advice, and in response to Lumo’s concern for the setting of VoLL in the DWGM, AEMO stated that it would jointly consider the settings for DWGM VoLL and the STTM market settings. Origin sought clarification on whether AEMO is just looking at the STTM parameters, or the wider market. AEMO responded that the professional advice will give insight into how spot price risk could change in all of the gas markets, and whether a review of parameters is needed or not. If there is a material change in the nature of pricing risk in the STTM, it is likely to effect the Victorian Gas Market as well. A review of price settings would be a large scale exercise and could result in a rule change proposal. AEMO expressed that AEMC should establish a clear methodology to be used to review VoLL settings, for both electricity and gas. AER asked about the adequacy of feedback received to date. AEMO responded that the initial feedback was based on opinion rather than fact, and this was not sufficient to work out the potential GWCF NOVEMBER 2014 - MINUTES PAGE 3 OF 9 risks. Major Energy Users Association commented that because there were only 2 responses initially received it can not necessarily be assumed the issue is not worthy of further investigation. AGL commented that it would be problematic to use the cost of AGL’s investment in an LNG facility at Newcastle as an indication for the setting for VoLL in the DWGM as the industry context and operational use of the facility would be different. AGL commented that the Newcastle storage facility cannot be looked at in isolation as it is intimately linked with AGL’s proposal to develop a coal seam methane (CSM) processing facility at Gloucester. Further, because of the flat profile of a CSM facility, there needs to be a storage facility to manage gas flows that might be surplus to AGL’s requirements in the summer months.
Load more

Recommended publications
  • ESSENTIAL SERVICES COMMISSION Level 37 2 Lonsdale Street Melbourne Victoria 3000 ABN: 71 165 498 668
    2015–16 ANNUAL REPORT CONTACT DETAILS ESSENTIAL SERVICES COMMISSION Level 37 2 Lonsdale Street Melbourne Victoria 3000 ABN: 71 165 498 668 Telephone 61 3 9032 1300 or 1300 664 969 Email [email protected] Website esc.vic.gov.au BUSINESS HOURS 8.30am to 5pm Monday to Friday CHAIRPERSON Dr Ron Ben-David COMMISSIONERS Richard Clarke Julie Abramson SENIOR STAFF Chief Executive Officer David Heeps (left 19 February 2016) John Hamill (started 16 February 2016) (Acting) Director, Transport Dominic L’Huillier Director, Water Marcus Crudden Director, Energy Targets Jeff Cefai Director, Energy David Young Director, Local Government Andrew Chow Director Corporate & Legal Counsel John Henry ISSN: 1447-6029 © 2016 Essential Services Commission This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. 1 OUR VALUES INTEGRITY • Being transparent and consistent in making decisions • Explaining clearly the rationale behind decisions • Acting openly and honestly COLLABORATION • Sharing information and knowledge across the organisation • Adopting an open and constructive approach to addressing and resolving issues with stakeholders • Providing or taking opportunities across the organisation to jointly deliver influential outcomes IMPARTIALITY • Basing advice and decisions on merit, without bias, caprice, favouritism or self-interest • Acting fairly by objectively considering all relevant facts and fair criteria EXCELLENCE
    [Show full text]
  • The Calculation of Energy Costs in the BRCI for 2010-11
    The calculation of energy costs in the BRCI for 2010-11 Includes the calculation of LRMC, energy purchase costs, and other energy costs Prepared for the Queensland Competition Authority Draft Report of 14 December 2009 Reliance and Disclaimer In conducting the analysis in this report ACIL Tasman has endeavoured to use what it considers is the best information available at the date of publication, including information supplied by the addressee. Unless stated otherwise, ACIL Tasman does not warrant the accuracy of any forecast or prediction in the report. Although ACIL Tasman exercises reasonable care when making forecasts or predictions, factors in the process, such as future market behaviour, are inherently uncertain and cannot be forecast or predicted reliably. ACIL Tasman Pty Ltd ABN 68 102 652 148 Internet www.aciltasman.com.au Melbourne (Head Office) Brisbane Canberra Level 6, 224-236 Queen Street Level 15, 127 Creek Street Level 1, 33 Ainslie Place Melbourne VIC 3000 Brisbane QLD 4000 Canberra City ACT 2600 Telephone (+61 3) 9604 4400 GPO Box 32 GPO Box 1322 Facsimile (+61 3) 9600 3155 Brisbane QLD 4001 Canberra ACT 2601 Email [email protected] Telephone (+61 7) 3009 8700 Telephone (+61 2) 6103 8200 Facsimile (+61 7) 3009 8799 Facsimile (+61 2) 6103 8233 Email [email protected] Email [email protected] Darwin Suite G1, Paspalis Centrepoint 48-50 Smith Street Darwin NT 0800 Perth Sydney GPO Box 908 Centa Building C2, 118 Railway Street PO Box 1554 Darwin NT 0801 West Perth WA 6005 Double Bay NSW 1360 Telephone
    [Show full text]
  • ASX Statement
    AGL Energy Limited Level 22, 101 Miller St Locked Bag 1837 T: 02 9921 2999 ABN: 74 115 061 375 North Sydney NSW 2060 St Leonards NSW 2065 F: 02 9921 2552 www.agl.com.au ASX statement 17 September 2010 AGL Energy Limited is about to commence dispatch of its Annual Report 2010 and the Notice of Meeting in respect of the Annual General Meeting to be held on 21 October 2010. A copy of each of these documents has been lodged with the ASX today. Paul McWilliams Company Secretary 1 outside back cover outside front cover AGL Annual Report 2010 Energy Annual ® Report in action. 2010 inside front cover inside back cover Contents Introductory pages 1 Divisional highlights 2 Group highlights 3 Our integrated strategy 4 Achievements toward strategies and objectives 5 Chairman’s Report 6 Managing Director’s Report 8 Leadership in sustainable business 10 Our customers 11 Major power generation and upstream gas assets 12 Retail Energy 14 Merchant Energy 16 Investments 19 Upstream Gas 20 Leadership team 22 Corporate Governance 24 Reporting contents 33 AGL Financial Calendar AGL Energy Limited ABN 74 115 061 375 26 August 2010 2010 full year result and final dividend announced Annual General Meeting 10 September 2010 Record date for 2010 final dividend AGL’s Annual General Meeting will be held 30 September 2010 Final dividend payable at the City Recital Hall, 21 October 2010 Annual General Meeting Angel Place, Sydney 17 February 20111 2011 interim result and commencing at interim dividend announced 10.30am on Thursday 10 March 20111 Record date for 2011 interim dividend 21 October 2010.
    [Show full text]
  • Distributed Energy
    NEWS OFFICIAL JOURNAL OF THE AUSTRALIAN INSTITUTE OF ENERGY ENERGYwww.aie.org.au V O LUME 37 NO 4 – D Distributed Energy EC 2019 Microgrids, renewables, storage AEMO, EPWA, IMA, Western Power, Planet Ark PODCASTS McKinsey – How to unlock marketing-led politics and geopolitics, and how incumbents will have to growth: Data, creativity, and credibility navigate the new reality of climate change: tinyurl.com/ wcarhc8 McKinsey senior expert Biljana Cvetanovski and partner Jason Heller discuss the next chapter of marketing, which Oxford Institute for Energy Studies –The is focused on digital, and the role of the chief marketing limit of auctions in electricity systems officer (CMO) as the architect of a company’s growth engine: tinyurl.com/y3jjfh7p OIES senior research fellows Anupama Sen, Malcolm Keay and David Robinson discuss the role of central Energy Insiders – Ross Garnaut and why purchaser auctions for long-term commitments in Australia can be renewable superpower electricity systems and whether they are a useful market- based tool to complement other methods of resource RenewEconomy’s Giles Parkinson is joined by leading development: tinyurl.com/u2dxm6d economist and climate change policy expert Professor Ross Garnaut who explains how Australia can reach BloombergNEF Switched On – Solar 100% renewables in little more than a decade, and then thermal: all night long go further and become a renewable superpower: tinyurl. com/pvl9uwwr Jenny Chase, head of solar analysis for BloombergNEF, proposes how solar thermal for electricity generation
    [Show full text]
  • Snowy Hydro and Market Concentration
    Snowy hydro and market concentration November 2019 Snowy hydro currently has a dominant position in the peak generation and the related cap contract market segment of the National Electricity Market (NEM). When analysing peaking generation capacity, this becomes readily apparent (see Figure 1 below). • Two thirds of the peaking generation capacity in NSW, and half of the peak gener- ation capacity in Victoria is currently owned by Snowy Hydro. • This is an exceedingly concentrated market in both NSW and Victoria, according to common metrics. • Assuming \Snowy 2.0" is completed, the market share will be further increased, and the degree of concentration will become untenable. Figure 1: Current market share of peaking generation capacity for NSW and Victoria market regions. 1 Figure 2: Market share of peaking generation capacity for NSW and Victoria market, as- suming Snowy hydro peaking capacity in NSW increases by 2000 MW on completion of \Snowy 2.0". Herfindahl–Hirschman Index (HHI) The Herfindahl-Hirschman index (HHI) is a commonly used measure of market concentration and is reported annually by the Australian Energy Regulator (AER) in the `State of the Energy' market report (AER 2018, page 127). The HHI is a static metric, calculated by summing the squares of the percentage market shares for all firms participating in a market. An HHI value of 10,000 is equivalent to a 100% share, and represents complete monopoly. An HHI value of 2000 is used by the Australian Competition and Consumer Commissions (ACCC) to flag competition concerns (ACCC 2008, page 37), while the U.S Department of Justice considers markets to be unconcentrated at below 1500, moderately concentrated at 1500-2500 and highly concentrated at 2500 (U.S.
    [Show full text]
  • Part ZZZR Retailer Reliability Obligation
    Part ZZZR Retailer Reliability Obligation 11.116 Rules consequential on the making of the National Electricity Amendment (Retailer Reliability Obligation) Rule 2019 11.116.1 Application (a) For the purposes of this rule 11.116: Amending Rule means the National Electricity Amendment (Retailer Reliability Obligation) Rule 2019. ASX24 means the financial market operated by Australian Securities Exchange Limited (ACN 000 943 377) under the Australian Market Licence (Australian Securities Exchange Limited) 2002. commencement date means the date of commencement of Schedules 1, 3, 4 and 5 of the Amending Rule. financial market has the meaning given under Chapter 7 of the Corporations Act 2001 (Cth). (b) Terms defined in Chapter 4A have the same meaning when used in this Part ZZZR. 11.116.2 Reliability Instrument Guidelines (a) The AER must make and publish interim Reliability Instrument Guidelines by 31 July 2019 to apply until the Reliability Instrument Guidelines are made and published under paragraph (c). (b) The AER is not required to comply with the Rules consultation procedures when making the interim guidelines under paragraph (a). (c) The AER must make and publish Reliability Instrument Guidelines under clause 4A.C.12 by 31 July 2020 and in so doing must comply with the Rules consultation procedures. 1543 11.116.3 Forecasting Best Practice Guidelines (a) The AER must make and publish interim Forecasting Best Practice Guidelines by 30 September 2019 to apply until the Forecasting Best Practice Guidelines are made and published under paragraph (c). (b) The AER is not required to comply with the Rules consultation procedures when making the interim guidelines under paragraph (a).
    [Show full text]
  • Bond University DOCTORAL THESIS the Impact of Supply Chains On
    Bond University DOCTORAL THESIS The Impact of Supply Chains on Productivity and Financial Performance of Power Producers in Australia. Aburadi, Nedal Award date: 2017 Link to publication General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal. The Impact of Supply Chains on Productivity and Financial Performance of Power Producers in Australia. Nedal Aburadi The thesis submitted in fulfilment for the requirements of the degree of Doctor of Philosophy Bond University Faculty of Society & Design November 2016 Abstract Over the past 10-20 years, Australian federal and state governments have introduced dramatic changes to the Australian power generation market to boost competitiveness and aid with the rapid development of the Australian power generation industry and businesses. These changes included the deregulation, disaggregation and privatisation of the power generation companies and supply chains, resulting in the formation of a new regulatory and management framework called the National Electricity Market. As a result, a variety of different strongly heterogeneous power providers and market operators have emerged in Australia, drastically changing the business environment and causing significant gaps in our understanding of how to manage and regulate this environment in an efficient way.
    [Show full text]
  • Regions and Marginal Loss Factors: FY 2020-21
    Regions and Marginal Loss Factors: FY 2020-21 July 2021 A report for the National Electricity Market Important notice PURPOSE This document has been prepared by AEMO as the ‘Regions Publication’ under clause 2A.1.3 of the National Electricity Rules (Rules), and to inform Registered Participants of the 2020-21 inter-regional loss equations under clause 3.6.1 of the Rules and 2020-21 intra-regional loss factors under clause 3.6.2 of the Rules. This document has effect only for the purposes set out in the Rules. The National Electricity Law (Law) and the Rules prevail over this document to the extent of any inconsistency. DISCLAIMER The calculation of the loss factors presented in this document incorporates information and forecasts from third parties. AEMO has made every reasonable effort to ensure the quality of the information in this publication but cannot guarantee that any information, forecasts and assumptions are accurate, complete or appropriate for your circumstances. Explanatory information in this document does not constitute legal or business advice, and should not be relied on as a substitute for obtaining detailed and specific advice about the Law, the Rules, any other applicable laws, procedures or policies or the future development of the National Electricity Market power system. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this document: • make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this document; and • are not liable (whether by reason of negligence or otherwise) for any statements or representations in this document, or any omissions from it, or for any use or reliance on the information in it.
    [Show full text]
  • Greenpower 2020 Annual Audit Report Final
    National GreenPowerTM Accreditation Program Annual Compliance Audit for 1 January 2020 to 31 December 2020 A Report for the National GreenPower Steering Group Prepared by Clear Environment Pty Ltd 28 July 2021 Contents 1. Introduction .........................................................................................................................................5 1.1 Background ..........................................................................................................................5 1.2 Scope of Audit ......................................................................................................................5 1.3 Audit Methodology ...............................................................................................................6 1.4 Limitations and Exceptions ..................................................................................................7 1.5 Conflict of Interest ................................................................................................................7 1.6 Structure of the Report .........................................................................................................8 1.7 Key Terms ............................................................................................................................8 2. National GreenPower Accreditation Program ....................................................................................9 2.1 Overview ..............................................................................................................................9
    [Show full text]
  • Independent Planning Review
    INDEPENDENT PLANNING REVIEW AUSNET SERVICES ASSET REINVESTMENT PROJECTS Published: June 2016 INDEPENDENT PLANNING REVIEW IMPORTANT NOTICE Purpose The purpose of this publication is to provide information in relation to future development needs for the Victorian transmission network. AEMO publishes this report in its capacity as National Transmission Planner, exercising the functions set out in section 49(2) of the National Electricity Law. This publication is based on information available to AEMO as at 1 June 2016. Disclaimer AEMO has made every effort to ensure the quality of the information in this publication but cannot guarantee that information, forecasts and assumptions are accurate, complete or appropriate for your circumstances. This publication does not include all of the information that an investor, participant or potential participant in the National Electricity Market might require, and does not amount to a recommendation of any investment. Anyone proposing to use the information in this publication (including information and reports from third parties) should independently verify and check its accuracy, completeness and suitability for purpose, and obtain independent and specific advice from appropriate experts. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this publication: make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this publication; and are not liable (whether by reason of negligence or otherwise) for any statements, opinions, information or other matters contained in or derived from this publication, or any omissions from it, or in respect of a person’s use of the information in this publication.
    [Show full text]
  • 2020 Annual Report
    Annual Report 2020 Contents About this Report Letter from the Chairman 2 AGL recognises that transparent reporting about our strategy, our performance and our challenges Managing Director & CEO’s Report 4 is an essential part of our responsibility to our shareholders and other stakeholders, and to Five-Year Summary 6 maintaining our licence to operate. COVID-19 Response 7 Report structure Purpose, Values & Strategy 8 This report is designed to be read in its entirety. The required elements of the Directors’ Report, including the Operating and Operating Environment 10 Financial Review (OFR) as required by ASIC Regulatory Guide 247, are covered on pages 4 to 93. Commentary on AGL’s financial performance specifically is contained on pages 32 to 56, and How We Create Value 12 references information reported in the Financial Report (pages 94 to 169). Note, the declaration forms part of the Financial Business Value Drivers 14 Report under the Corporations Act. Integrated Reporting Financial Review 32 This report has been prepared with reference to the International Integrated Reporting Council’s (IIRC) International Integrated Governance Summary 57 Reporting Framework, as we believe it provides a useful basis for disclosing how we create sustainable value for our shareholders Board of Directors 61 and other stakeholders over time. We have used the framework to demonstrate how consideration of risks and opportunities (both those arising from our business and those that exist in a Remuneration Report 67 broader operational context), our purpose and our values drive our strategy. We have also considered how the execution of Other Required Disclosures 92 our strategy creates value, applying a lens that is broader than financial performance alone.
    [Show full text]
  • Annual Report 2013 AGL Energy Limited Is About to Commence Dispatch of Its Annual Report 2013
    AGL Energy Limited Level 22, 101 Miller St Locked Bag 1837 T: 02 9921 2999 ABN: 74 115 061 375 North Sydney NSW 2060 St Leonards NSW 2065 F: 02 9921 2552 www.agl.com.au ASX statement 18 September 2013 Annual Report 2013 AGL Energy Limited is about to commence dispatch of its Annual Report 2013. A copy is attached. Paul McWilliams Company Secretary 1 2013 Annual Report AGL Energy Limited ABN 74 115 061 375 Contents 2 Divisional Financial Highlights 3 Group Financial Highlights 4 About AGL 5 Our Approach 6 Our Assets 8 Chairman’s Report 10 Managing Director’s Report 12 Our Operations 12 Retail Energy 15 Merchant Energy 19 Upstream Gas 22 Sustainable Business Strategy 25 Economic 28 Customers 31 Community 34 People and Safety 37 Sustainable Energy 40 Environment 43 Executive Team 44 Corporate Governance Statement 52 Directors’ Report 79 Concise Financial Report 92 Shareholding Information 93 Subordinated Note Holding Information 94 Investor Information AGL Financial Calendar 28 August 2013 full year result 2013 and final dividend announced 2 September Ex-dividend trading 2013 commences 6 September Record date for 2013 2013 final dividend 27 September Final dividend 2013 payable 23 October Annual General 2013 Meeting February 2014 interim result 2014 and interim dividend Cover photo: Sisters This report is intended to provide AGL shareholders announced Indi and Gabriella enjoy with information on the environmental, social, August 2014 full year result riding their ponies on the governance and risk matters that affect your company, 2014 and final dividend family’s farming property alongside the financial performance for the year, in announced at Macarthur in Victoria.
    [Show full text]