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AES says it will take a $110M to $125M writedown in Q3 to account for 39 wind turbines it's...

  • Tuesday, October 11, 2011, 8:55 AM ET
    AES says it will take a $110M to $125M writedown in Q3 to account for 39 wind turbines it's looking to sell, and for deposits on future turbines. The charge will cut EPS between $0.09 and $0.10 for the quarter, according to an SEC filing.
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    Gosh, you mean windmills aren't the "green" panacea for mass energy production? However, the costs of such politically-correct energy follies are very real.
    11 Oct 2011, 08:58 AM Reply Like
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