AGL's challenge of ESCOSA's right to review prices

AGL Energy Limited (AGL) advises that the Supreme Court of South Australia today granted permission to proceed with the action to challenge the decision by the Essential Services Commission of South Australia (ESCOSA) to amend its price determination of 14 December 2010.

An application to stay the ESCOSA determination has been set down to be heard by the Court on 17 December 2012.

About AGL

AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.