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BRIEF-AGL Energy Reconfirms FY20 Guidance

Published 30/10/2019, 09:28 am
BRIEF-AGL Energy Reconfirms FY20 Guidance
AGL
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Oct 30 (Reuters) - AGL Energy Ltd AGL.AX :

* AGL ENERGY LTD - AND RECONFIRMATION OF FY20 GUIDANCE

* AGL ENERGY LTD - RECONFIRMS FY20 GUIDANCE

* AGL ENERGY LTD - FY20 WHOLESALE PRICES FOR ELECTRICITY FORECAST TO BE LOWER ON AVERAGE THAN FY19

* AGL ENERGY LTD - LREC PRICES HAVE REDUCED MATERIALLY AND ARE EXPECTED TO FALL FURTHER DURING FY20

* AGL ENERGY LTD - LOY YANG UNIT 2 EXPECTED TO BE OPERATIONAL BY MID DECEMBER 2019

* AGL ENERGY LTD - AMONG FY20 HEADWINDS, SEES HIGHER FUEL COSTS AS COAL COSTS ESCALATE AND LEGACY GAS CONTRACTS MATURE

* AGL ENERGY LTD - FY20 CASH FLOW EXPECTED IN LINE WITH HISTORIC CASH CONVERSION RATES OF UNDERLYING EBITDA

* AGL ENERGY LTD - BY 2030 THE EAST COAST DOMESTIC GAS SUPPLY GAP IS EXPECTED TO BE OVER 300PJ

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