June 7 (Reuters) - AGL Energy Ltd AGL.AX :
* COMPLETED AN ASSESSMENT OF EXTENT AND IMPACT OF AN OUTAGE AT UNIT 2 AT LOY YANG A POWER STATION IN LATROBE VALLEY
* OUTAGE MAY EXTEND SEVEN MONTHS AND, AS A RESULT, HAVE A MATERIAL IMPACT ON ITS FINANCIAL RESULTS IN FY20
* AGL DOES NOT EXPECT ANY MATERIAL IMPACT ON ITS RESULTS FOR FY19 FROM THIS OUTAGE
* CONTINUES TO EXPECT UNDERLYING PROFIT AFTER TAX IN FY19 TOWARDS MID-POINT OF ITS GUIDANCE RANGE OF $970 MILLION TO $1,070 MILLION
* ANY MATERIAL RECOUPMENT OF THESE IMPACTS VIA INSURANCE CLAIMS IS NOT LIKELY TO OCCUR UNTIL FY21
* CURRENTLY EXPECTS ITS EXTENDED NATURE TO LEAD TO REDUCTION IN POTENTIAL UNDERLYING PROFIT AFTER TAX IN FY20 OF BETWEEN $60 MILLION & $100 MILLION
* NOW EXPECTS IT MAY TAKE UNTIL DECEMBER 2019 TO RETURN UNIT TO SERVICE AND ENSURE ITS ONGOING RELIABILITY