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Origin Energy takes a $2.2b hit as green shift hurts, coal costs bite – Sydney Morning Herald

One of Australia’s top utilities has slashed the value of its business as the influx of renewables guts electricity prices and…

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Its important for the company to bring its cost bases down and realign expenditure to live within the new earnings envelope thats there for that part of the business.
Dr Nayak said the companys holding in the strong-performing APLNG joint venture accounted…

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