Tags: edison | utility | coal | plant

Edison to Have $1 Billion Writedown Amid Coal Plant Shutdowns

Wednesday, 29 Feb 2012 05:18 PM

Edison International, owner of California’s second-biggest electric utility, will have a fourth-quarter writedown of $1.05 billion for its Homer City, Pennsylvania, power plant, three other coal plants and certain wind assets, the company said in a statement Wednesday.

Edison said it was unable to secure third-party financing for pollution controls on the Homer City unit.

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