April 26, 2002
Here we go again

Houston energy trader Dynegy saw its stock plummet and its bond ratings lowered when lower earnings and an SEC review of a natural gas deal. They're also taking a $300 million charge related to their communications business.

Reading the story, it doesn't look like anything shady. But let's face it, after Enron and Compaq, the last thing we need here is another big company going boom.

Posted by Charles Kuffner on April 26, 2002 to Bidness