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Dominion Resources (D) will book a charge of $281M in its FQ3 for costs related to the closing...

Dominion Resources (D) will book a charge of $281M in its FQ3 for costs related to the closing of its Kewaunee Power Station in Carlton, Wis., after it couldn't find a buyer for the 556-mw nuclear plant. The company says low Midwest power prices and other factors led it to conclude that it's "uneconomic for Kewaunee to continue operations."
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Comments (1)
  • MexCom
    , contributor
    Comments (3058) | Send Message
     
    If this news has caused the market decline today, the $281 million write off is met with a $384 million decline in the market cap. Sounds like a buying opportunity to me.
    22 Oct 2012, 01:05 PM Reply Like
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