Sunday, May 6, 2012

Duke Energy earnings fall on construction costs - Business -

 Jonathan Fahey, Associated Press
NEW YORK — Duke Energy Corp. says its net income fell 42 percent in the first quarter because of cost overruns at a coal plant under construction in Indiana.
The company said its underlying earnings grew slightly, though, despite a warm winter that reduced electric power demand and earnings at electric utilities nationwide. Duke’s earnings were boosted by higher electric rates in the Carolinas, reduced costs, and higher power sales and rates in Brazil.

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