Write-down shows AGL has read the writing on the wall

AGL’s Liddell coal power station in the Hunter Valley.

Last Thursday, AGL Energy notably wrote down the value of their production assets and contracts by $2.7 billion. Origin Energy and the Queensland government’s coal generators similarly wrote down the value of their assets. AGL’s write-down is, remarkably, worth more than a third of the value of the total shareholders’ equity in the company.

Write-down shows AGL has read the writing on the wall

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