AGL Energy Ltd Market Update Transcript
Good morning, everyone, and thank you very much for joining us. My name is Peter Botten, AGL Energy's Chairman. And I'm joined today by our Interim Managing Director and Chief Executive Officer, Graeme Hunt; Damien Nicks, AGL's Chief Financial Officer; and Christine Corbett, AGL's Chief Customer Officer.
Today, we're making 5 key announcements in relation to our proposed structural separation. We are confirming our intention to demerge with AGL Energy becoming Accel Energy Limited and demerging AGL Australia as a new company. We've received funding commitments from banks to support independent investment-grade capital structures for both new entities. We have appointed the chairs and identified CEOs for both new businesses, myself and Graeme Hunt for Accel Energy and Patricia McKenzie and Christine Corbett for AGL Australia. We are providing more detail about the offtake arrangements that will operate between the 2 companies. And we have provided updated carbon statements for each new business, demonstrating this
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