(Reuters) - AES posted a loss of $455 million, or 67 cents per share,
compared with a year-earlier profit of $348 million, or 52
cents per share.
During the quarter, the company agreed to sell its 82
percent stake in a Caracas-based utility, which had generation
capacity of 2,600 megawatts, for $740 million to the government
of Venezuela as part of President Hugo Chavez's drive to
nationalize the country's key energy companies.
Read more at Reuters.com Market News
compared with a year-earlier profit of $348 million, or 52
cents per share.
During the quarter, the company agreed to sell its 82
percent stake in a Caracas-based utility, which had generation
capacity of 2,600 megawatts, for $740 million to the government
of Venezuela as part of President Hugo Chavez's drive to
nationalize the country's key energy companies.
Read more at Reuters.com Market News
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