News: AGL AGL Energy says it is conducting inspections on all four units at Liddell

March 21 (Reuters) - AGL Energy Ltd (AGL) :

• AGL advises liddell power station outage (AGL)
• Due to a recent external boiler tube leak on unit 1 at the liddell power station, AGL is conducting inspections on all four units at Liddell
• Decided to undertake a program of further inspection and, if required, repairs on all four units at Liddell
• Units 1 and 4 are currently out of service and are undergoing repairs
• This will result in outages over the next two months.
• Financial impact of the outages is estimated at $15 million to $20 million net profit after tax all occurring in the current year FY 2016
• Units 2 and 3 are able to operate, and are operating, safely at reduced capability.
• Estimate reflects both the direct loss of generation revenue and estimated broader impacts on the electricity trading portfolio
• Unit 3 will be shut down for repairs around 28 March 2016 and unit 2 will be shut down for repairs
• Will keep the Australian energy market operator (aemo) informed about the availability of all liddell units
• There is no change to the previous guidance statement for FY 2016 underlying profit