PowerGen plans to take charge

Article Abstract:

PowerGen PLC will assume a charge of 60 million pound sterling ($96.8 million) after the company sells off two power stations. PowerGen also stated that its profits for the nine months ending on January 3, 1999 were hurt by competition and moderate weather. The company's pretax profits dropped 22% to 292 million pound sterling in the period. PowerGen's also said that its market share of the wholesale electricity industry will dropped to 14% from 18%.

Comment:

To assume charge of 60 million pound sterling ($96.8 million)

Abstract, PowerGen PLC

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United Utilities PLC

Article Abstract:

United Utilities PLC posted a rise of 6.1% in its net profits for the fiscal year ending March 31, 2003. The company posted 277.8 million pounds (389.2 million euros) in net profits for the fiscal year.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Company sales and earnings, Company earnings/profit, United Utilities PLC

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Scottish Power faces charge amid U.S. costs

Article Abstract:

Scottish Power PLC will assume a charge of $300 million (331.4 million euros) for excess power expenses at its Pacificorp unit. The company saw its share value drop by 11% as a result of the charge.

Scottish Power PLC

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