Tuesday, April 17, 2007

UPDATE 1-PPL to sell Bolivian subsidiaries

(Reuters) - Financial terms of the deal were not released, but PPL said it expects to record an unusual after-tax impairment charge in the first quarter of $19 million to $26 million, or 5 cents to 6 cents per share.

Allentown, Pennsylvania-based PPL said last month it would seek to sell its regulated electricity delivery operations in Bolivia, Chile and El Salvador, which together contributed about 5 percent of its annual earnings.


Read more at Reuters.com Bonds News

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