|
|
|
|
|
Parent Of Broker Records Goodwill Impairment Charge From Economic Impact Of COVID-19
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
Edison International reported that it has recorded a goodwill impairment charge of $34 million ($25 million after-tax) in 2020 for its Parent and Other segment, related to Edison Energy, an energy consultant whose services include supply procurement, stemming from the economic impact of COVID-19.
For the three months ended June 30, 2020, the Edison Energy Group and subsidiaries segment reported a loss of operations of $27 million, which reflects the impact of the goodwill impairment charge, versus a loss of $1 million a year ago
ADVERTISEMENT Copyright 2010-20 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
July 28, 2020
Email This Story
Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Energy Systems Analyst -- Retail Supplier
• NEW! --
Billing Specialist -- Retail Supplier
-- Texas
• NEW! --
Director - Distributed Generation, Demand Response, & Market Participation -- Houston
• NEW! --
Retail Energy Account Executive -- Houston
• NEW! --
Business Development Manager
|
|
|
|