Australia's AGL Energy falls on $15 mln federal court penalty

AGL Energy

19/12/2024 02:25

** AGL Energy  AGL.AX  down as much as 3.3% to A$10.460;
biggest intraday pct loss since Oct. 31
    ** Energy provider fined A$25 mln ($15.6 mln) by Federal
Court for delay in Centrepay refunds to ~500 customers
    ** Centrepay, a program by Services Australia, enables
welfare recipients to handle essential bills through direct
deductions from their payments
    ** Stock hits lowest since Nov. 14
    ** AGL up 10.5% YTD

($1 = A$1.6069)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))