Broken generator leads to AGL downgrade

WITH the financial impact of a generator fault at Unit 2 of its Loy Yang coal-fired power station realised, AGL Energy has downgraded its underlying earnings and profit guidance for the 2021-22 financial year.

Broken generator leads to AGL downgrade Broken generator leads to AGL downgrade Broken generator leads to AGL downgrade Broken generator leads to AGL downgrade Broken generator leads to AGL downgrade

A generator outage at Loy Yang A has led AGL Energy to downgrade its FY22 earnings and profit guidance.

The estimated total financial impact of the generator fault is expected to be $50 million, after tax, based on it returning to service by August 1.

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