AES Reports Quarterly Loss

Arlington energy giant AES reported a loss in the first quarter after recording a charge of about $638 million from the sale of a Venezuelan subsidiary.

The company said it lost $455 million (67 cents a share) in the three months ending March 31, compared with a year ago profit of $348 million (52 cents).

AES this year sold its stake in a power plant in Caracas under pressure from President Hugo Chavez, who is pushing to nationalize the country's electricity and telecommunication industries.

By Dan Beyers  |  June 21, 2007; 6:57 AM ET
Previous: AOL Stays On The Sidelines | Next: CACI Names New CEO


Please email us to report offensive comments.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company