Wednesday, May 9, 2007

TXU posts quarterly loss on canceled power plants

(Reuters) - TXU said it took an after-tax charge of $941 million, or $2.02 per share, including a $463 million charge for canceled power plant projects and a $449 million charge for changes in the market value of its trading positions.

Excluding special items, operating earnings were 96 cents per share, down from $1.12 a year earlier and well below analysts' average forecast of $1.11 as compiled by Reuters Estimates.


Read more at Reuters.com Business News

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