AGL’s Managing Director & CEO Andy Vesey today clarified comments attributed to him regarding South Australia’s new energy policy.

“There are many positive elements for energy consumers in the South Australian Energy Plan.

“As we said to our investors last week, it’s true that our proposed investment blueprint now needs to change, given recent South Australian policy announcements.

“However, I can also confirm that AGL is developing a new investment proposal to meet the needs of consumers in South Australia. While it will contain different components, it will be as extensive as our previous blueprint.”

About AGL

AGL is one of Australia’s leading integrated energy companies. It is taking action to responsibly reduce its greenhouse gas emissions while providing secure and affordable energy to its customers. Drawing on over 175 years of experience, AGL serves its customers throughout eastern Australia with meeting their energy requirements, including gas, electricity, solar PV and related products and services. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, solar, landfill gas and biomass.