AGL's forecast of its 2011-2012 energy generation

First 11 of 11 paragraphs shown The above shows AGL hedge position for all Australian states for the 2011-2012 year ahead.
Reference load was average annual energy (in MWh) for 100per cent of (C&I) Contracted Load + Expected Mass Market Load). (Positions across all states and time periods were aggregated )
The AGL calculation: Michael Fraser, Managing Director, reported AGL 2010 Full Year Results, 12 months to 30 June 2010, published 26 August, reported expected Generation represents AGL’s internal estimate of the amount of energy likely to be generated based on;
- on pool price;
- fuel; and
- 60per cent allocation for dividend (equates to indicative AGL dividend payout of ~60per cent underlying NPAT);
- hydrology assumptions ;
- Contingent Gas Fired Generation is the maximum amount of energy that AGL’s portfolio could generate if required
Position does not include AGL’s passive investment in Loy Yang A .

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