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Broken generator leads to AGL downgrade

Unit expected to be back in action by August 1.

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

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. Underlying earnings before interest, tax, depreciation...

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