Renew Economy: EnergyAustralia, one of the big three utilities in the country, has slumped to a loss of $350 million for calendar 2013 after slashing the value of its Yallourn brown coal generator, as well as some of its gas-fired generation assets.
The write-down came as the company, owned by Hong Kong based CLP Holdings, returned a profit of just $18 million (down from $236 million in 2012) for the year from its portfolio of coal and gas generation and its large retail customer base -- a result it blamed mostly...