German NRG giant RWE had losses of 2.8 bio Euros last year

4 Mar

http://de.nachrichten.yahoo.com/rwe-macht-2-8-milliarden-euro-verlust-061128176.html

Another whopper’s comin from Germany marking another all time high fallout after Deutsche Banks 1 bio earlier last month. But, RWE’s losses seem to be even more “homemade” than the losses Deutsche Bank had by lawsuits. The competition from from renewable nrgs seems 2 b stiff, and the net worth of coal plants (conventionals in general) dropped sharply. So RWE had to adjust its balance sheet and had to state that its plants r not worth anymore what they used 2 b.

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