Bleeding money.Bulgarian Energy Holding (BEH BEH Bulletin Épidémiologique Hebdomadaire BEH Behind Enemy Lines (movie) BEH Bureau of Environmental Health (Ohio) BEH Bureau of Education for the Handicapped ), the state-owned energy sector firm, reported a net loss in its consolidated report for the first half of 2009. National power grid operator NEK NEK Northeast Kingdom (Vermont) NEK Norsk Electroteknisk Komite , its subsidiary Electricity System Operator and mining company Mini Maritsa Iztok combined for a net loss of 98 million leva from January to June. The deterioration was attributed to the unfavourable business environment of an economy ravaged rav·age v. rav·aged, rav·ag·ing, rav·ages v.tr. 1. To bring heavy destruction on; devastate: A tornado ravaged the town. 2. by recession, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the holding company's report. BEH said decisions by the utilities regulator have accelerated the decline, hinting at the rising tariffs at which NEK has to buy electricity from power stations, which has not been mirrored in the prices at which NEK sold it to power distributors. [ILLUSTRATION OMITTED] |
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