PSEG incurs loss from sale of power company stake

venerdì 14 dicembre 2007 20:00

Dec 14 (Reuters) - Public Service Enterprise Group Inc (PEG.N: Quotazione) said the sale of its stake in a power company in Chile and another in Peru resulted in a loss of about $25 million.

PSEG expects net proceeds of about $480 million from the sale.

AEI, formerly Ashmore Energy International, bought PSEG's 50 percent stake in Chile's Chilquinta Energia SA ENQ.SN, and 38 percent interest in Luz del Sur SA (LUZ.LM: Quotazione) in Peru for $685 million. (Reporting by Aditi Samajpati in Bangalore; Editing by Gopakumar Warrier)