AGL to unveil plan to close coal-fired power station Loy Yang A a decade early

Confirmation of the earlier closure of the 2,210-megawatt Loy Yang A in the Latrobe Valley comes days after the Victorian government announced ambitious plans to bring in more storage to the power system.

Investors will be looking for how AGL plans to make up for the generation capacity loss with the closure of its three coal-fired power stations. New storage and renewable energy plants are expected to feature in the strategy.

Through his family company, Grok Ventures, Cannon-Brookes released a statement on Wednesday afternoon naming four people he wants to join the five-member AGL board.

Guardian Australia has sought comment from AGL.

More to follow.