Similar Stories to Firstenergy Takes A $6.2 Billion "paper Loss" On Its Power Plants on Bing News

John Funk, The Plain Dealer, Cleveland Plain Dealer: Business
Wed, 02/22/2017 - 7:58am

FirstEnergy's decision to close or sell most of its power plants means that on paper at least the company had to take a $6.2 billion loss for 2016. The accounting loss reflects the decreased value of the company's old power plants because they no longer earn what they once could and are not as valuable to potential buyers.

Topics: firstenergy billion paper loss power plants company

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