NRG posts $30 million 4Q loss
March 3rd, 2007
 From the Buffalo News:
3/1/2007
NRG Energy Inc., which owns coal-fired power plants in the Town of Tonawanda and Dunkirk, posted a fourth-quarter loss of $30 million on costs for restructuring electricity supply contracts. The per-share loss was 35 cents after payment of preferred dividends, compared with net income of $64 million, or 68 cents, a year ago, the company said. Sales rose to $1.14 billion from $707 million. NRG runs U.S. power plants that can produce about 22,000 megawatts. One megawatt is enough for about 800 U.S. homes.
And from Reuters, stock valuation over last year:
And find their bankruptcy in this 10 year chart:
Is that surprising or what?
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