March 30 (Reuters) - AGL Energy Ltd AGL.AX :
* ASX ALERT-INTENTION TO CREATE TWO LEADING ENERGY BUSINESSES-AGL.AX
* AGL ENERGY LTD - PLANS TO CREATE TWO ENERGY BUSINESSES FOCUSED ON EXECUTING DISTINCT STRATEGIES, VIA A STRUCTURAL SEPARATION
* AGL ENERGY LTD - "NEW AGL" TO BE MULTI-PRODUCT ENERGY RETAILER, LEADING TRANSITION TO A LOW CARBON FUTURE
* AGL ENERGY LTD - "PRIMECO" TO BE ELECTRICITY GENERATOR
* AGL ENERGY - TO ENGAGE WITH SHAREHOLDERS, REGULATORS, GOVERNMENT, AMONG OTHERS, TO CONFIRM TIMING AND NATURE OF PROPOSED STRUCTURAL SEPARATION BY END FY21
* AGL ENERGY - NEW AGL WOULD BE CARBON NEUTRAL FOR SCOPE ONE AND TWO EMISSIONS ON DAY ONE, WITH A CLEAR PATHWAY TO FULL CARBON NEUTRALITY
* AGL ENERGY-BEGINNING SALE PROCESSES FOR SOME OF ASSETS THAT ARE LESS CRITICAL, INCLUDING NEWCASTLE GAS STORAGE FACILITY, SILVER SPRINGS GAS PROJECT
* AGL ENERGY LTD - $400M OF ASSETS IDENTIFIED FOR SALE
* AGL ENERGY LTD - ON TRACK TO DELIVER THE 150 MILLION DOLLARS IN OPERATING COST REDUCTIONS WE HAVE COMMITTED FOR FY22
* AGL ENERGY LTD - REMAIN SLIGHTLY AHEAD OF THE OBJECTIVE TO KEEP FY21 OPEX FLAT, EXCLUDING COVID-19 IMPACTS AND ACQUISITIONS