Ch energy Group bails on ethanol investment taking $6.9 million impairment charge in Q3

摘要

CH Energy Group last week bailed out of most renewable ener-ngy operations, taking a 44 cents/share (about $6.9 million) impair-nment charge on its investment in a Nebraska corn ethanol plant.n With that, third-quarter net income sagged 66.8% to $1.8 nmillion, lowest for Q3 since before 1996 (as far back as data ngoes), the company reported October 28.