Chief executive officer, Mr Phil James, said power generation remained a key business for NGC and the company believed opportunities exist to enhance the competitive position and value of this activity, while also providing mutual benefits in the management of risks associated with electricity trading.
Low hydro power due to a lack of rainfall impacted heavily on NGC's performance last year. The spike in wholesale electricity prices saw NGC announce an abnormal loss of $254.8 million and as a result the net bottom line of AGL spiralled downward to $115 million.
