On the back of an envelope Doyle adds the $5.5 billion stranded cost asset to CenterPoint's stated $1.5 billion in book value.
By buying Rio Tinto, BHP would gain access to high-quality, low-cost assets.
He said the division had already sold less profitable, high-cost assets that would have made it less attractive to a buyer.
The authority would deliver a 15-year pipeline of clean energy projects through direct investment and reverse auctions for the construction of lowest-cost assets.
The company said it will close 20 facilities and shed high-cost assets and several non-strategic businesses.
But don't expect the high-cost utilities to succumb without extracting compensation: Last year, bowing to threats of utility job losses and even bankruptcies, California and Pennsylvania legislators agreed to bail utilities out of nuclear power plants and other high-cost assets so that they would have a better chance of competing in the new, open markets.
"What you're seeing is more advisers embracing lower-cost asset-allocation strategies and embracing E.T.F.'s," Mr. Burns said.
The loss "reflects the extended transformation timeline, the impact of market conditions and the impairment of the deferred transition costs asset", a directors' report, contained in the accounts, adds.
Alcatel-Lucent hopes to break even this year on an adjusted operating-profit level, which would exclude restructuring costs, asset write-downs, one-off gains and the knock-on effects of the merger that created the company in the first place.
Data on income, direct and indirect patient costs, asset sales, and loans were collected in 2011/2012 for 96 patients in Bangladesh and 94 patients in Tanzania, using a standard tuberculosis patient costing questionnaire [ 22].
It does not even know about the original cost of assets that were reported sold.
