The Breaking News Blog

All the latest news from the District, Maryland and Virginia

Local Digest

Local Digest: AES agrees to increase pollution disclosures

Network News

X Profile
View More Activity
Friday, November 20, 2009


AES agrees to more pollution disclosures

Arlington-based AES, which operates several coal-fired power plants in the United States, has agreed to put more information about global warming in its public financial disclosures.

Among other things, the company will disclose information on its current carbon emissions and any planned increases in pollution from its coal-burning plants.

New York Attorney General Andrew M. Cuomo said AES is the latest power company to agree to give investors more information about pollution. Other companies that have already agreed to make similar disclosures include Dynegy and Xcel Energy.

-- Associated Press


Sandy Spring slashes dividend

Sandy Spring Bancorp of Olney said Thursday that its board slashed its fourth-quarter dividend to a penny from 12 cents a share.

The new dividend is payable Dec. 17 to shareholders of record on Dec. 7.

The reduction will enable the bank holding company to retain an additional $7.3 million in common equity per year.

Daniel J. Schrider, the company's president and chief executive, said the move "reflects our commitment to maintaining a strong balance sheet as we continue to work our way through the current economic cycle." With the reduction, the company will put off considering any stock or debt sale "until we consider market conditions to be more advantageous," Schrider said.

CONTINUED     1        >

More from Virginia

[The Presidential Field]

Blog: Virginia Politics

Here's a place to help you keep up with Virginia's overcaffeinated political culture.

Local Blog Directory

Find a Local Blog

Plug into the region's blogs, by location or area of interest.

Facebook Twitter RSS
© 2009 The Washington Post Company

Network News

X My Profile
View More Activity