Trouble Lurks on Some Utilities' Balance Sheets
Another power-generating company is struggling to survive. According to Reuters, "Edison Mission Energy, a power company that operates in more than a dozen U.S. states, is preparing a possible bankruptcy filing as it tries to restructure about $5 billion in debt."
Edison Mission Energy produces and sells wholesale electricity in the power markets. It is distinct from its parent, the California utility Edison International (EIX). Its subsidiaries and affiliates have interest in 43 operating power plants with an aggregate capacity of 10,379 megawatts. These facilities include fossil-fuel power plants in California, Illinois, Pennsylvania, West Virginia and Doga, Turkey, a biomass facility in New York and a large portfolio of wind energy projects in Illinois, Iowa, Minnesota, Nebraska, New Mexico, Oklahoma, Pennsylvania, Texas, Utah and Wyoming....652 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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