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BRIEF-AGL Energy says it is conducting inspections on all four units at Liddell

Published 21/03/2016, 09:38 am
© Reuters.  BRIEF-AGL Energy says it is conducting inspections on all four units at Liddell
AGL
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March 21 (Reuters) - AGL Energy Ltd AGL.AX :

* AGL advises liddell power station outage AGL.AX

* Due to a recent external boiler tube leak on unit 1 at the liddell power station, AGL is conducting inspections on all four units at Liddell

* Decided to undertake a program of further inspection and, if required, repairs on all four units at Liddell

* Units 1 and 4 are currently out of service and are undergoing repairs

* This will result in outages over the next two months.

* Financial impact of the outages is estimated at $15 million to $20 million net profit after tax all occurring in the current year FY 2016

* Units 2 and 3 are able to operate, and are operating, safely at reduced capability.

* Estimate reflects both the direct loss of generation revenue and estimated broader impacts on the electricity trading portfolio

* Unit 3 will be shut down for repairs around 28 March 2016 and unit 2 will be shut down for repairs

* Will keep the Australian energy market operator (aemo) informed about the availability of all liddell units

* There is no change to the previous guidance statement for FY 2016 underlying profit

* Source text for Eikon ID:nASX1n936g

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