From the Buffalo News:

Corporate Earnings


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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