Reliant Energy last week said it has entered into a definitive agreement with Brascan Corp. to sell it 770 MW of power generation assets located in upstate New York for $900 million in cash, subject to certain closing adjustments.
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NorthWestern Expects $900M 2002 Net Loss, Larger Than Expected Charges
Upper Midwest combination utility NorthWestern Corp. revealed Tuesday that it will take about $880 million in special charges in 2002, which is $180 million more than previously announced. It expects to post a $900 million net loss for the year compared with net earnings of $37.5 million in 2001.
April 7, 2003
NorthWestern Expects $900M 2002 Net Loss, Larger Than Expected Charges
Upper Midwest combination utility NorthWestern Corp. revealed Tuesday that it will take about $880 million in special charges in 2002, which is $180 million more than previously announced. It expects to post a $900 million net loss for the year compared with net earnings of $37.5 million in 2001.
April 2, 2003
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