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Policy crisis clouds AGL project pipeline

Feb 08, 2019 - Australian Financial Review

AGL Energy has expanded its pipeline of new growth projects to more than $3 billion with the addition of a $450 million pumped hydro opportunity in NSW but chief executive Brett Redman is warning the energy policy impasse and the threat of "big stick" legislation is hampering the pace and scale of investment decisions.

"We're getting serious about storage," said Mr Redman after raising the federal government's ire with news of a 10 per cent increase in benchmark profit at AGL for the first...