Company’s share plunge due to ‘worthless’ nuclear power investments
its investment in UniStar Nuclear Energy was worthless, given the deteriorating nuclear energy market……….
Constellation Energy swings to 3rd-qtr loss as nuclear investments’ value plunges, Canadian Business Online, October 29, 2010, BALTIMORE (AP) – Constellation Energy Group Inc. said Friday it swung to a third-quarter loss as it absorbed more than $1 billion in charges related to the drop in value of its nuclear joint ventures and other investments.
The utility reported a loss of $1.41 billion, or $6.99 a share, for the three months that ended Sept. 30. That compares with net income of $137.6 million, or 69 cents a share, in the same quarter last year.
The company said its investment in Constellation Energy Nuclear Group had fallen below its November 2009 value because of changes in future electricity prices and the natural gas market and uncertainty about greenhouse-gas laws.
Constellation, which owns Baltimore Gas and Electric Co., said its investment in UniStar Nuclear Energy was worthless, given the deteriorating nuclear energy market……….
No comments yet.
Leave a Reply
-
Archives
- May 2012 (262)
- April 2012 (259)
- March 2012 (342)
- February 2012 (304)
- January 2012 (259)
- December 2011 (274)
- November 2011 (331)
- October 2011 (247)
- September 2011 (272)
- August 2011 (249)
- July 2011 (227)
- June 2011 (195)
-
Categories
- 1
- 1 NUCLEAR ISSUES
- business and costs
- climate change
- ENERGY
- environment
- health
- history
- indigenous issues
- Legal
- marketing of nuclear
- media
- opposition to nuclear
- people
- politics
- politics international
- Religion and ethics
- safety and incidents
- secrets,lies and civil liberties
- spinbuster
- technology
- Uranium
- wastes
- weapons and war
- 2 WORLD
- ACTION
- AFRICA
- AUSTRALIA
- Christina background info
- Christina's notes
- Christina's themes
- general
- Reference
- resources – print
- Resources -audiovicual
-
RSS
Entries RSS
Comments RSS













