AGL Energy could face queries from investors over government pressure for it to extend the life of its NSW coal-fired power station at its AGM.
Source:
AAP
27 Sep - 3:34 AM 

Power producer and retailer AGL Energy will face shareholders at its annual general meeting on Wednesday with questions over the future of its Liddell coal-fired power station likely to intrude into the agenda.

Australia's second-largest energy retailer has faced and resisted demands in recent weeks from Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg to keep Liddell operating beyond its scheduled shutdown in 2022.

AGL's board will also be anxious over a potential second "strike" over executive pay, after more than a third of shareholders voted against the company's remuneration report that included a $6.94 million pay packet for chief executive Andy Vesey.

AGL's board has agreed to cap the CEO's salary at nearly the same level for the 2018 financial year, but the Australian Shareholders Association says the remuneration remains excessive and will vote against the report.