John R Hampton Posted November 8, 2018 Share Posted November 8, 2018 Recent delivery interruptions from Fenosa and Cable Onda show a disregard for paying customers offering no prior warnings or post explanations and with no apparent consequences from regulating authorities. Quote Link to comment Share on other sites More sharing options...
BD Posted November 8, 2018 Share Posted November 8, 2018 Didja consider the possibility of both rather than or? Quote Link to comment Share on other sites More sharing options...
John R Hampton Posted November 8, 2018 Author Share Posted November 8, 2018 Continuing to reward mediocre performance is a surefire way for organizations to remain "emerging" and if dealing with near-monopolies lower the standards a few more notches. Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted November 8, 2018 Share Posted November 8, 2018 Interesting. 07/26/2018 | 09:42am CET By Alberto Delclaux Naturgy Energy Group SA (NTGY.MC) said Thursday that it slid to a loss in the second quarter, due to the impairment of assets, even though sales increased. The Spanish company, previously known as Gas Natural, recorded a loss of 3.60 billion euros ($4.21 billion) in the period compared with a net profit of EUR252 million a year earlier. Net sales rose 5.3% to EUR5.79 billion, due to higher volumes and prices in the gas business, Naturgy said. Earnings before interest, taxes, depreciation and amortization fell 5.4% to EUR951 million, under analyst expectations of EUR1.04 billion, according to FactSet. Naturgy's results were affected by the impairment of assets amounting to about EUR4.9 billion, mainly related to conventional-generation assets in Spain, as announced during the presentation of its strategic plan in late June. Write to Alberto Delclaux at alberto.delclaux@dowjones.com Quote Link to comment Share on other sites More sharing options...
Bonnie Posted November 9, 2018 Share Posted November 9, 2018 Can someone please explain to me what "impairment of assets" and "conventional-generation assets" mean? I have never heard these terms before. Quote Link to comment Share on other sites More sharing options...
John R Hampton Posted November 9, 2018 Author Share Posted November 9, 2018 Bonnie, (From Investopedia) - An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet. Accounts that are likely to be written down are the company's goodwill, accounts receivable and long-term assets because the carrying value has a longer span of time for impairment. Upon adjusting an impaired asset’s carrying value, the loss is recognized on the company’s income statement. --------------------------------- "Conventional Generation" means an asset using conventional methods to generate electricity, i.e gas or coal Quote Link to comment Share on other sites More sharing options...
Bonnie Posted November 10, 2018 Share Posted November 10, 2018 16 hours ago, John R Hampton said: %3 generate electricity, i.e gas or coal Thank you, John. Quote Link to comment Share on other sites More sharing options...
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