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.

Related Posts:

• No Related Posts