DOCSLIB.ORG

Energy Queensland Annual Report 2016-17

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Energy Queensland Annual Report 2016-17 Annual Report Energy 2016-17 Queensland We Energise Queensland Communities Our Report Energy Queensland Limited (Energy Queensland) was created on 30 June 2016. This report covers the Energy Queensland Group’s (the Group’s) overall performance for 2016-17, our first year of operations as a united entity. It showcases the contribution of Energex Limited, Ergon Energy Corporation Limited and its subsidiary Ergon Energy Queensland Pty Ltd. Commentary is also provided on the Group’s other subsidiary companies. This report is presented as part of a suite of documents available online at www.energyq.com.au/annualreport Contents About Energy Queensland 2 Message from the Chairman and Chief Executive Officer 8 Performance Summary 10 Performance Review 11 Community and Customer 12 We’re continuing to play a key role in stabilising electricity prices and supporting greater customer choice. We also highlight our network plans and our emergency response capabilities. Our People 24 How we are engaging our people in our transformational journey, while maintaining a focus on safety and developing a diverse, statewide presence. Environment 29 We’re supporting the development of renewable energy resources, and demonstrating environmental leadership across our operations. Economic 34 This covers our economic contribution to Queensland, highlighting greater business efficiencies and explaining our Group financial results. Corporate Governance Statement 36 Glossary and Common Industry Measures 46 Energy Queensland Limited Annual Financial Statements 47 2 Energy Queensland Annual Report 2016-17 About Energy Queensland Energy Queensland came together as a Group in June 2016 to build on our proud history of powering Queensland and create a community-focused energy business ready for the future. Our business - NETWORK RETAIL ENERGY SERVICES Our role as electricity distribution Our retailer (Ergon Energy Queensland To ensure we are able to meet the businesses – under the banners of Pty Ltd) buys electricity from the unique and diverse needs of our Energex and Ergon Energy Network – generators, through the market and communities and customers we’re is to safely and cost-effectively direct negotiations, and on-sells it evolving our unregulated or transport electricity along our ‘poles to our customers throughout contestable products and services and wires’ across Queensland, while regional Queensland. in the market. enabling distributed energy resources. We sell electricity at Metering Dynamics, as Our distribution the Queensland one of Australia’s networks, which are Government’s notified largest metering prices, which are set by businesses, delivers w]QLIQC.□m : part of the National •:,,::ifjp dynamics Electricity Market the Queensland multi-utility metering, energex (NEM), are regulated by Competition information and energy the Australian Energy Authority (QCA). measurement solutions. Regulator (AER). This enables regional Queenslanders to access the Nexium The regulator same regulated electricity tariffs (with the support Telecommunications determines the revenue of the government’s Community Service supports the Group’s we are allowed to Obligation subsidy), wherever they are located, communications needs collect from customers even though the cost of supply may be different. and, as a licensed for their use of the carrier, also provides networks. These wholesale and retail high-speed data services charges make up • around half of the retail price of electricity. to the market. • energy impact We also operate under Queensland Government Energy Impact is • electricity industry laws and regulations. enabling us to expand in a variety of ways beyond traditional electricity distribution and retail services through the use of distributed energy resources. Energy Queensland Annual Report 2016-17 3 The Year’s Highlights Reduced our network charges further – the Supported 31,200 new solar energy connections average charge for the use of our network is 17% to – 28% of Queensland’s houses have solar, the highest in 19% lower moving into 2017-18 (page 12) the world (page 23) PeakSmart air conditioning Established an Energy Queensland Council for proved invaluable in the Diversity and Inclusion of leaders and team South East reducing demand members passionate about diversity (page 25) by 6.2MW (page 13) Welcomed 97 new recruits into Established a new technology innovation lab our apprenticeship programs, in Cairns to continue battery and other innovative including 13 female and four technology trials (page 14) Indigenous employees (page 26) Made it easier to pay in our isolated United a high-performing communities, with a new card-operated meter trial leadership team with strong delivering a range of financial and social benefits regional representation and gender (page 15) diversity (page 28) Collaborated to harness Expanded our school electrical safety our renewable energy education program – 95% of the state’s primary resources – connecting schools are now benefitting (page 16) solar farms and purchasing clean energy (page 29) Advanced an electric Launched the Energy Savvy Families program vehicle super highway, to help low income households better understand to support the decarbonisation their energy use and costs (page 17) of the transport industry (page 33) Delivered a statewide disaster response effort Achieved a strong profit result, supporting an following Cyclone Debbie’s $881 million dividend, and a $598 million electricity destruction, restoring power subsidy for our regional retail customers (page 34) in under 14 days (page 18) 4 Energy Queensland Annual Report 2016-17 A statewide capability delivering for our communities 7,355 2.2 million employees connected customers 470 700,000 graduates and apprentices retail customers 3 1.5 million customer solutions centres customer calls a year 220,000km 34,600GWh powerlines electricity delivered a year 4,814MW 2,637MW South East Regional 1.7 million power poles Queensland Queensland peak demand peak demand 0.8 outages 137 service depots and offices a year per Urban customer 3 459,000 network control centres solar energy systems connected 34 355MW stand-alone and grid-connected of medium to large scale power stations renewables connected Energy Queensland Annual Report 2016-17 5 Our service area COMMUNITY-BASED SOLUTIONS • Boigu Is. • • Saibai Is. Across the state we operate 33 stand-alone Dauan Is. Stephens Is. • Darn•ley Is. power stations and a portfolio of renewable Yorke Is. • Mabuiag Is. Murray Is. energy assets. • Yam• Is . • Bamaga Badu Is. • • Coconut Is. •War raber Is. Kubin, Moa Is. This investment supplies the communities isolated Hammond Is. • • from the main grid; in western Queensland, the Mapoon • Thursday Is. • • Wasaga, Horn Is. Napranum Gulf of Carpentaria, Cape York, various Torres • Lockhart River • TORRES STRAIT Strait islands, and Palm Island. Aurukun • Each of these community-based energy Coen • supply solutions is supported by our • Pormpuraaw capability in electricity distribution, retail Kowanyama Cooktown and metering services. Gununa, Mornington Is. Mossman Regional network - Ergon Energy Network Cairns Mareeba ■ Atherton Burketown Normanton Innisfail Isolated supply - Ergon Energy Network Doomadgee Ravenshoe •Tully Georgetown • ,, Ergon Energy Retail Ingham • • Palm Island Townsville South East Network - Energex • Home Hill ■ Camooweal • • Julia Creek Charters Towers Bowen • • Proserpine Mt Isa Cloncurry Richmond Hughenden • Pinnacle •• Mackay Sarina Moranbah • Winton • Clermont Boulia • Middlemount • Yeppoon • Longreach Rockhampton Emerald • Barcaldine • •Blackwate r Gladstone Springsure • Bedourie • Biloela • Miriam Vale Blackall Moura Mon•to Jundah • Gin Gin Bundaberg Theodore • Childers• • Windorah • Biggenden • Hervey Bay • •Mar yborough Birdsville Mundubbera •Ga •yn dah • Kilkivan Quilpie Charleville Wandoan Murgon Roma Kingaroy Chinchilla Yarraman Tara Dalby Toowoomba Cunnamulla St George Millmerran Brisbane Warwick Stanthorpe Powering Queensland from the Gympie Tweed River to the Torres Strait. Noosa Nambour Maroochydore A STATEWIDE SERVICE PROVIDER Caloundra Kilcoy Our diverse networks service the state’s South East, with highly Woodford Caboolture Toogoolawah interconnected systems, and regional Queensland, with infrastructure Redcliffe Esk that is largely radial in design. Fernvale Brisbane Gatton Three-quarters of our regional network is considered rural– traversing Ipswich Beenleigh large distances between communities with only small numbers of Surfers Paradise customers for each kilometre of powerline. Boonah Beaudesert Our retailer has a gas-fired power station at Barcaldine, which supplies QUEENSLAND the main grid. NEW SOUTH WALES 6 Energy Queensland Annual Report 2016-17 Our history Electricity supply has always 1882 The first electric street lights were installed in Adelaide Street, Brisbane. played an integral role in the development of the state. 1896 Brisbane Electric Supply Company was established, later to become City Electric Light Company. Through our predecessor organisations we have 1920 Townsville City Council started supplied Queensland’s managing the local power supply. homes and businesses for 1925 Cairns City Council started supplying more than 100 years. power, until the Barron Falls Hydro-Electricity Board formed. Our proud history began with our pioneering forefathers creating electricity generation and distribution systems in their local communities. 1938- Regional distribution Then, as the networks grew, regional electricity networks
Load more

Recommended publications
  • Alinta Energy Sustainability Report 2018/19
    Alinta Energy Sustainability Report 2018/19 ABN 39 149 229 998 Contents A message from our Managing Director and CEO 2 Employment 50 FY19 highlights 4 Employment at Alinta Energy 52 Key sustainability performance measures 6 Employee engagement 53 Employee data 54 Our business 8 Supporting our people 55 Offices 10 Ownership 10 Our communities 60 Where we operate 12 Community development program 62 Electricity generation portfolio 14 Employee volunteering 62 Sales and customers 17 Sponsorships, donations and partnerships 64 Vision and values 18 Excellence Awards – community contribution 64 Business structure and governance 19 Community impacts from operations 65 Executive leadership team 20 Management committees 21 Markets and customers 66 Board biographies 21 Customer service 68 Risk management and compliance 23 Branding 72 Economic health 24 New products and projects 74 Market regulation and compliance 74 Safety 26 Fusion – our transformation program 77 Safety performance 28 Safety governance 29 Our report 80 Safety and wellbeing initiatives and programs 32 Reporting principles 82 Glossary 83 Environment 34 GRI and UNSDG content index 85 Climate change and energy industry 36 Sustainability materiality assessment 88 National government programs, policies and targets 39 Deloitte Assurance Report 96 State government programs, policies and targets 40 Energy consumption and emissions 42 Our approach to renewable energy 43 Energy efficiency and emission reduction projects 45 Environmental compliance 46 Waste and water 47 Case study 48 2018/19 Alinta Energy - Sustainability Report Page 1 Changes to our vision and leadership A message My comment above on our new vision to be the best energy company sounds a little different than in the past.
    [Show full text]
  • Renewable Energy Buyers Forum
    Renewable Energy Buyers Forum - Brisbane - Sponsored by: DLA Piper Thursday 26th July 2018 Chair: Ben Waters Welcome Jackie McKeon, WWF-Australia Business Renewables Centre - Australia Kate Papailiou, DLA Piper Update from DLA Piper Andrew Burnett, Department of Natural Resources, Mining & Renewable Energy in Queensland Energy, Queensland (DNRME) James Eskdale, Mars GloBal Corporate Mars Enters the Solar System Michael Wheelahan, Victorian Government Department of Intelligent Water Networks (IWN) Aggregation Environment, Land, Water and Planning (DELWP) Simon Crock, Sunshine Coast Council Sunshine Coast Council Solar Farm PPA Roger Price, WindLaB Optimising the renewable energy mix in Queensland Mantas Aleks, WePower Innovative purchasing model Ben Waters, Presync Discussion and wrap-up Networking Renewable Energy Buyers Forum Sponsored by: DLA Piper, Brisbane 26th July 2018 Business Renewable Centre - USA Business Renewable Centre - Australia • A not-for-profit, online Australian resource centre and market platform to accelerate Australian corporate uptake of large-scale renewable energy. • To help Australian organisations procure 1GW of renewable energy (installed capacity) by 2022 and 5GW by 2030. Primers & Guides for Industry… Business Renewable Centre - Australia Online Marketplace Platform Current and planned renewable energy projects Renewable Energy Buyers Forum Sponsored by: DLA Piper, Brisbane 26th July 2018 QLD’s 50% Renewable Energy Target WWF Renewable Energy Buyers Forum 26 July 2018 An evolving policy context As the energy
    [Show full text]
  • Solar Citizens: Top 3 Policy Priorities for Renewable Energy In
    Solar Citizens: Top 3 Policy Priorities for Renewable Energy in Queensland This election, Solar Citizens is calling on all political parties to move towards 100% clean energy by committing to three key promises: 1. Set a strong renewable energy target Legislate a renewable energy target to ensure that, by 2030, at least 50% of the electricity generated in Queensland comes from solar, wind and other renewables. 2. Build big solar - not new coal power Renewable energy is now the cheapest, cleanest source of electricity. The next state government should support new large-scale solar and wind farms and rule out an expensive, polluting new coal fired power station. 3. Help more Queenslanders go solar To meet the target of one million solar rooftops by 2020, the next Queensland government must guarantee a fair price for the electricity that solar households feed into the grid and remove the roadblocks for low-income earners, businesses and communities who want to go solar. Solar Citizens is an independent community organisation, we want all political parties to adopt strong policies that will speed up our transition to a renewable energy future. To help you make a well-informed choice, we’re providing this analysis of each Party’s policies on renewable energy for Queensland. Scores will be updated if new policies are announced. THE SCORECARD Authorised by L. Matthiesson, Solar Citizens, 15 Lamington St, New Farm, Queensland. HOW THE PARTIES WERE SCORED Australian Labor Party Committing to a strong renewable energy target: supports some parts of this policy. The Palaszczuk Government have committed to a target of 50% renewable energy by 2030 and the Queensland Labor state platform commits the party to implementing targets that align with the National Labor Platform of at least 50% by 2030.1 There is currently no commitment from the ALP to legislate the target, to only count renewable energy projects built in Queensland or any other details of how the target will be reached.
    [Show full text]
  • WEEKLY HANSARD Hansard Home Page: E-Mail: [email protected] Phone: (07) 3406 7314 Fax: (07) 3210 0182
    PROOF ISSN 1322-0330 WEEKLY HANSARD Hansard Home Page: http://www.parliament.qld.gov.au/hansard/ E-mail: [email protected] Phone: (07) 3406 7314 Fax: (07) 3210 0182 51ST PARLIAMENT Subject CONTENTS Page Tuesday, 31 August 2004 ASSENT TO BILLS ........................................................................................................................................................................ 2063 Appropriation (Parliament) Bill ............................................................................................................................................ 2063 Appropriation Bill ................................................................................................................................................................ 2063 ASSENT TO BILLS ........................................................................................................................................................................ 2063 STANDING ORDERS ..................................................................................................................................................................... 2063 PETITIONS ..................................................................................................................................................................................... 2063 PAPERS ......................................................................................................................................................................................... 2064
    [Show full text]
  • Ergon Energy Annual Stakeholder Report 2015-16
    Ergon Energy Annual Stakeholder Report 2015–16 “Our industry is changing fast… so we have to Geoff McGraw, like our other be constantly thinking forward to ensure we can regional managers, takes the opportunity wherever he can to get best deliver for the community Our goal is to out into the community Here, and on the cover, he is meeting some of remain at the core of how our kids will choose the next generation as part of our to source and use electricity into the future ” Safety Heroes program Our school electrical safety education program is helping teachers, like Annette Geoff McGraw Ryan from Whitfield State School, explore the world of electricity Lines Manager Tropical North with their students p19 Contents Ergon Energy in profile 3 Year in summary 6 Chairman’s message 8 Chief Executive’s report 9 Review of operations 10 • More value and choice 10 • Evolving the network 22 • Our people, our future 28 Delivering economic value 37 Our corporate governance statement 40 Looking for more information? Our Annual Stakeholder Report is part of a suite of documents available online at www.ergon.com.au/annualreport Ergon Energy is very much part of the fabric of life in regional Queensland. We see ourselves as powering prosperity – energising the lifestyles we enjoy and most critically our local economies. To achieve this we’re delivering the ‘peace of mind’ that comes from a safe, dependable electricity service and enabling greater customer ‘choice and control’ in their energy solutions… all for the ‘best possible price’. Like many others, we’re evolving as a business to embrace change… in the way our customers are using the network with the take up of new energy-related technologies, change in the energy market itself, and change in the economic environment.
    [Show full text]
  • Qgc.Com.Au Email: [email protected]
    QUEENSLAND GAS COMPANY LIMITED 30 Herschel Street, Brisbane QLD 4000 GPO Box 3107, Brisbane QLD 4001 Tel: (61) 7 3020 9000 Fax: (61) 7 3012 8411 Website: www.qgc.com.au Email: [email protected] 17 October 2008 Companies Announcement Officer Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW To whom it may concern 2008 ANNUAL REPORT Queensland Gas Company Limited is pleased to provide its 2008 Annual Report after an exciting year of growth and transformation for the company. The Annual Report contains a letter from the chairman of Queensland Gas Company Limited, Mr Robert Bryan, in which he foreshadows his upcoming resignation. Yours faithfully Mark Anning Company Secretary QUEE QUEENSLAND GAS COMPANY QUEENSLAND GAS COMPANY TransformaTion ANNUAL REPORT 2008 ns ANNUAL REPORT 2008 L an D G AS C om P an Y L imi TED ANNUAL REPORT 2008 REPORT ANNUAL QGC is leading a transformation of the Australian energy sector: cleaner, greener and more secure Contents Investor backs a winner 1 Directors’ report 62 Company profile 2 Auditor’s independence declaration 76 Financial year highlights 4 Income statements 77 Letter from the Chairman 7 Balance sheets 78 Managing Director’s report 10 Statements of changes in equity 79 Gas production, infrastructure and sales 15 Cashflow statements 80 Exploration and reserves 21 Notes to the financial statements 81 Electricity 27 Directors’ declaration 129 Water 31 Independent audit report 130 Queensland Curtis LNG Project 35 Shareholder information 132 People and safety 41 Corporate governance statement 134 Sustainability 45 Definitions and glossary 152 Financial performance 50 Corporate directory 154 Acquisitions 52 Board of Directors 56 Senior management 58 Investor backs a winner To retired school principal Tom Abraham, a decision in 2001 to take a punt on shares in a little-known gas QGC 2008 explorer has since proven as lucky as picking the winner ANNUAL of the Melbourne Cup.
    [Show full text]
  • An Efficient, Productive and Sustainable Electricity Supply for Queensland
    An Efficient, Productive and Sustainable Electricity Supply for Queensland Blueprint for Design, planning anD ManageMent of QueenslanD’s energy sector anD electricity Market AUGUST 2011 www.cciq.com.au/advocacy Contents 1.0 InTrodUcTIon 1 2.0 ConTexT & BAckGroUnd 2 2.1 Queensland’s Energy Market Overview 2 2.2 Queensland’s Energy Management Framework 2 2.3 Queensland’s Energy Supply-Demand Outlook 3 3.0 BUSIness VIewS on The elecTrIcITy MArkeT 5 3.1 Impact of Rising Electricity Prices 5 3.2 Business Rating of the Electricity Supply 6 3.3 Reasons for Electricity Price Rises 7 3.4 Carbon Pricing and Emissions Reduction Strategies: Implications for Electricity Prices 7 3.5 Balancing Price Performance Outcomes 8 4.0 ElecTrIcITy PrIceS In QUeenSlAnd 9 4.1 How Electricity Prices are Determined 9 4.2 Regulated Retail Electricity Prices in Queensland 9 4.3 Costs that Impact on Queensland Electricity Prices 10 5.0 FrAMework For SustainABle elecTrIcITy PrIcInG 12 5.1 Regulated Pricing Methodology 12 5.2 Tariff Structures 13 5.3 Dividend Policy 14 6.0 SecUrITy oF SUPPly And InFrastrUcTUre PlAnnInG 15 7.0 OwnerShIP oF enerGy AsseT 16 8.0 DeMAnd MAnageMenT And enerGy eFFIcIency 17 8.1 Enterprise Level Demand Management 17 8.2 Market Demand Management 18 9.0 SUMMAry oF recoMMendationS 19 “Uninterrupted power supply is critical for the efficient production of products and the employment of labour.” – Queensland business operator. 1 1. Introduction 1.1 The supply and cost of energy is a key issue for Queensland businesses. Businesses rightfully expect a reliable, efficient and cost-effective energy sector.
    [Show full text]
  • Energy Efficiency: Queensland's First Energy Resource
    Energy Efficiency: Queensland’s First Energy Resource Report on the economic and environmental potential provided by energy efficiency improvements for households, communities, industry, and government. February 2010 Report No.2 of the Environment and Resources Committee ENVIRONMENT AND RESOURCES COMMITTEE 53rd Parliament Committee Members Mrs Carryn Sullivan MP, Chair Member for Pumicestone Mr Jeff Seeney MP, Deputy Chair Member for Callide Mrs Julie Attwood MP Member for Mount Ommaney Mr Peter Dowling MP Member for Redlands Mr Simon Finn MP Member for Yeerongpilly Mr Chris Foley MP Member for Maryborough Mr Mark Ryan MP Member for Morayfield Secretariat Research Director Mr Rob Hansen Principal Research Officer1 Ms Rachelle Stacey Ms Maureen Coorey Executive Assistant Ms Carolyn Heffernan 1 Under a job share arrangement, Ms Rachelle Stacey and Ms Maureen Coorey share this full-time position on a 80: 20 split. FOREWORD It seems everyone is chasing a bargain these days. Whether it is a new fridge, a car or a house, it is often the lowest asking price that clinches the deal. But there is a second price that can end up costing just as much, or even more. That price is the ongoing running costs that we often forget about. As time goes by, what seemed like a bargain could soon turn into a money-pit. It is time to think about the true cost of our energy use, both economic and environmental, and to cut down on needless waste. Energy efficiency, which is about doing the same or more with less energy input, holds the key. It starts with a simple question, ‘is it energy or fuel efficient?’ All Queenslanders need to ask this question a lot more, and before any other considerations.
    [Show full text]
  • An Efficient, Productive and Sustainable Electricity Supply for Queensland
    An Efficient, Productive and Sustainable Electricity Supply for Queensland Blueprint for Design, planning anD ManageMent of QueenslanD’s energy sector anD electricity Market AUGUST 2011 www.cciq.com.au/advocacy Contents 1.0 InTrodUcTIon 1 2.0 ConTexT & BAckGroUnd 2 2.1 Queensland’s Energy Market Overview 2 2.2 Queensland’s Energy Management Framework 2 2.3 Queensland’s Energy Supply-Demand Outlook 3 3.0 BUSIness VIewS on The elecTrIcITy MArkeT 5 3.1 Impact of Rising Electricity Prices 5 3.2 Business Rating of the Electricity Supply 6 3.3 Reasons for Electricity Price Rises 7 3.4 Carbon Pricing and Emissions Reduction Strategies: Implications for Electricity Prices 7 3.5 Balancing Price Performance Outcomes 8 4.0 ElecTrIcITy PrIceS In QUeenSlAnd 9 4.1 How Electricity Prices are Determined 9 4.2 Regulated Retail Electricity Prices in Queensland 9 4.3 Costs that Impact on Queensland Electricity Prices 10 5.0 FrAMework For SustainABle elecTrIcITy PrIcInG 12 5.1 Regulated Pricing Methodology 12 5.2 Tariff Structures 12 5.3 Dividend Policy 13 6.0 SecUrITy oF SUPPly And InFrastrUcTUre PlAnnInG 14 7.0 OwnerShIP oF enerGy AsseT 15 8.0 DeMAnd MAnageMenT And enerGy eFFIcIency 16 8.1 Enterprise Level Demand Management 16 8.2 Market Demand Management 17 9.0 SUMMAry oF recoMMendationS 19 Uninterrupted power supply is critical for the efficient production of products and the employment of labour.” – Queensland business operator. 1 1. Introduction 1.1 The supply and cost of energy is a key issue for Queensland businesses. Businesses rightfully expect a reliable, efficient and cost-effective energy sector.
    [Show full text]
  • Queensland Renewable Energy Expert Panel Draft Report
    Credible pathways to a 50% renewable energy target for Queensland Final Report, 30 November 2016 Report of the Queensland Renewable Energy Expert Panel Queensland Renewable Energy Expert Panel Queensland Renewable Energy Expert Panel www.QLDREpanel.com.au Contents Contents 1. Executive Summary .................................................................................................................. 1 1.1. Summary of key themes ................................................................................................. 1 1.2. Overview of findings ....................................................................................................... 4 1.3. Recommendations .......................................................................................................... 9 1.4. Summary of key projected outcomes .......................................................................... 12 1.5. Summary of feedback from stakeholders on Draft Report ........................................ 12 2. Basis of the public inquiry ...................................................................................................... 14 2.1. Role of the Expert Panel ............................................................................................... 14 2.2. The Panel’s approach ................................................................................................... 14 2.3. Report outline ............................................................................................................... 15 3. Queensland’s
    [Show full text]
  • Media Release
    New Stanwell Hydro Manager committed to renewable energy for FNQ 2 March 2016 Stanwell Corporation today announced that Tim Hogan has been appointed to manage the largest producers of renewable energy in Queensland - Barron Gorge Hydro Power Station, near Cairns, and Kareeya Hydro Power Station, near Tully. Mr Hogan, who has acted as Site Manager at two of Queensland’s largest coal-fired power stations, said his vision was to have Barron Gorge and Kareeya continue to produce renewable energy from fast flowing FNQ rivers for many decades to come. At their peak combined capacity of 154 megawatts, the two hydros can power most of the households in Cairns or provide power for other parts of the region. “Barron Gorge and Kareeya are the largest producers of renewable energy in Queensland and hopefully they will be joined by many other renewable energy generators in the future,” Mr Hogan said. “They don’t produce greenhouse gases and this fits in very well with a region which prides itself on protecting the natural environment,” he said. Mr Hogan is a senior engineer who has held some of the highest positions at Stanwell’s largest power stations. He grew up on a sugarcane and banana farm outside El Arish, near Tully, and worked at both the Tully and South Johnstone sugar mills for over 12 years, after completing an apprenticeship as an electrical fitter/mechanic at Tully Sugar Mill. He continued studying and completed a Bachelor of Engineering majoring in Electrical and Electronic Engineering, At the South Johnstone sugar mill, Mr Hogan worked on the installation of the first condensing turbine/generator in the sugar industry.
    [Show full text]
  • For Personal Use Only Use Personal For
    QUEENSLAND GAS COMPANY LIMITED 30 Herschel Street, Brisbane QLD 4000 GPO Box 3107, Brisbane QLD 4001 Tel: (61) 7 3020 9000 Fax: (61) 7 3012 8411 Website: www.qgc.com.au Email: [email protected] 17 October 2008 Companies Announcement Officer Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW To whom it may concern 2008 ANNUAL REPORT Queensland Gas Company Limited is pleased to provide its 2008 Annual Report after an exciting year of growth and transformation for the company. The Annual Report contains a letter from the chairman of Queensland Gas Company Limited, Mr Robert Bryan, in which he foreshadows his upcoming resignation. Yours faithfully Mark Anning Company Secretary For personal use only QUEE QUEENSLAND GAS COMPANY QUEENSLAND GAS COMPANY TransformaTion ANNUAL REPORT 2008 ns ANNUAL REPORT 2008 L an D G AS C om P an Y L imi TED ANNUAL REPORT 2008 REPORT ANNUAL For personal use only QGC is leading a transformation of the Australian energy sector: cleaner, greener and more secure For personal use only Contents Investor backs a winner 1 Directors’ report 62 Company profile 2 Auditor’s independence declaration 76 Financial year highlights 4 Income statements 77 Letter from the Chairman 7 Balance sheets 78 Managing Director’s report 10 Statements of changes in equity 79 Gas production, infrastructure and sales 15 Cashflow statements 80 Exploration and reserves 21 Notes to the financial statements 81 Electricity 27 Directors’ declaration 129 Water 31 Independent audit report 130 Queensland Curtis LNG Project 35 Shareholder information 132 People and safety 41 Corporate governance statement 134 Sustainability 45 Definitions and glossary 152 Financial performance 50 Corporate directory 154 Acquisitions 52 Board of Directors 56 Senior management 58 For personal use only Investor backs a winner To retired school principal Tom Abraham, a decision in 2001 to take a punt on shares in a little-known gas QGC 2008 explorer has since proven as lucky as picking the winner ANNUAL of the Melbourne Cup.
    [Show full text]