Billionaire Mike Cannon-Brookes wants to shut down AGL Energy s coal-fired power plants a decade early. But an energy expert warned this could push up electricity bills.
The incumbent creative agency withdraws from the contest as AGL faces ongoing challenges from shareholders over its plan to demerge into two separate businesses.
AGL Energy Ltd. could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported. AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the shareholder support to go ahead, the newspaper said. AGL