Sale not part of AGL vision
AGL Energy chief executive Andy Vesey says that while AGL is obligated to consider all offers, the company already has a vision for its ageing coal- fired Liddell power plant.
“AGL is a public company – from time to time we will get unsolicited bids and we are duty bound to review them,” Mr Vesey said on Friday.
“If they have merit and value for our shareholders and customers we will take them very seriously.”
AGL has come under fire from the Turnbull Government for its plan to close the NSW Hunter Valley power station in 2022 and refusal to sell.
ACCC chairman Rod Sims also supports a sale, saying disposal to potential buyers would help consumers and boost energy sector competition. ANZ bank will pay $ 3 million after an investigation found the lender failed to provide more than 10,000 customers annual reviews of their investments.
The Australian Securities and Investments Commission ( ASIC) says ANZ has also agreed to compensate its Prime Access customers who did not receive the documented reviews that they had paid for between 2006 and 2013.
The bank has so far paid $ 46.81 million in remedies, with total compensation estimated to be $ 46.85 million.
ASIC said it was concerned ANZ had not provided the annual reviews to customers who had paid for them, did not have adequate systems and processes in place for Prime Access customers and had failed to comply with the Corporations Act.