SBS has reported it as "AGL Energy says it does not expect to suffer any financial impact from severe storms that have wiped out South Australia's electricity network.
The company says its Torrens natural gas power station, near Adelaide, is coming back into the network and its wind farms are on stand-by after Wednesday's mega-storm caused a state-wide power outage, with 75,000 homes still without electricity on Thursday morning.
AGL shares were up 3.25 per cent at $19.305 at 1117 AEST following a 5.77 per cent jump on Wednesday after the company said it expected a lift in underlying profit for the current financial year, a near $600 million share buyback and a higher dividend payout."
For those who have not been following it, IFN has the wind assets, AGL sold it years back.
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SBS has reported it as "AGL Energy says it does not expect to...
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