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PSEG Global.


PSEG PSEG Public Service Enterprise Group  GLOBAL, a U.S. energy company, will sell its 32% stake in RGE RGE Range (surveys)
RGE Rochester Gas and Electric
RGE Resume Generating Event
RGE Real Good Edition
, a Brazilian power distributor, to Companhia Paulista de Forca e Luz, a Brazilian power company. PSEG expects to make US$185 million on the sale yet report a $170 million loss due to devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments.  of the real.
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Title Annotation:BRAZIL
Publication:Latin Trade
Date:Aug 1, 2006
Words:51
Previous Article:Naspers.(BRAZIL)
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