RE:RE:RE:RE:$345,000,000 impairment..?? ALA's share?
The bad news here is not the writedowns which is tiny in comparison to the company. The bad news is that the current CEO said he didn't really support breaking up your cash investments into small percentage stakes and favored owning majority stakes in projects. He has already sold one of three WGL pipelines. Likely this would have been sold for a large return if we didn't live in the climate cult era.