Large companies plan their future expecting the government to force them to pay a price for carbon pollution, The New York Times reports.» Read More
Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.
Nov 6- Duke Energy Corp, the largest power provider in the United States, said on Wednesday its quarterly profit rose, a year after the buyout of rival Progress Energy. The company posted third-quarter net income of $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, in the year-ago period.
We had a lot of fun on Halloween this year, and it's worth another look! "Talking Squawk" also looks at Apple's new iPad Air and Go Daddy driver Danica Patrick's new sponsor.
One Time Warner Cable investor, Chris Marangi, portfolio manager at Gabelli& Co, said he liked the $600 million deal even if it "does not move the needle." Time Warner Cable's chief operating officer of business services, Phil Meeks, said in a statement that the deal will help the company expand its fiber business in the Carolinas.
Goldman Sachs CEO Lloyd Blankfein came out in defense of capitalism as well as bonuses after it received government aid during the financial crisis.
Sept 12- Entergy Corp, which is shutting down its Vermont Yankee reactor, plans to keep its five remaining merchant nuclear power plants in service, a top executive told Reuters.
HOUSTON, Aug 30- The U.S. Nuclear Regulatory Commission on Friday said it will seek comments on how to restart the licensing process for the long-stalled Yucca Mountain nuclear waste project.
Aug 7- Duke Energy Corp, the largest power provider in the United States, posted a lower-than-expected quarterly profit on Wednesday as the company struggles with weak commercial sales. However, Duke said its 2012 buyout of rival Progress Energy continues to bolster power sales to domestic customers.
Aug 7- Duke Energy Corp, the largest electricity provider in the United States, posted a 64 percent jump in quarterly revenue, helped in part by its buyout last year of a key rival, but earnings fell. For the second quarter, the company posted net income of $339 million, or 48 cents per share, compared with $444 million, or 99 cents per share, in the year-ago period.
Already cranky about the Fed, stock traders will be eyeing the Treasury's 10-year note auction Wednesday to see whether it helps drive interest rates higher.
Next-day prices in PJM, New England and New York climbed about 15 percent to the $130 s per megawatt-hour for Wednesday, which traders said is high but not unusually so when electric usage is near record levels. Temperatures in New York City, the biggest metropolitan area in the United States, reached 94 degrees F on Monday.
In New York, the New York Independent System Operator activated its demand response programs to reduce electricity usage in the New York City area.
Some of the names on the move ahead of the open.
Some of the names on the move ahead of the open.
HOUSTON, July 1- The cost to finish building Southern Co's controversial coal-gasification power plant in Kemper County, Mississippi, may increase by at least $160 million to $4.5 billion or more, or more than double initial cost estimates, the company said in a filing with regulators.
*Duke shares edge up on NYSE. June 18- Duke Energy Corp, the largest U.S. power provider, has turned to an insider, Chief Financial Officer Lynn Good, to take over as CEO when Jim Rogers steps down as part of a regulatory settlement. Rogers was expected to retire when Duke's $18 billion takeover of Progress Energy closed last July.
Utility stocks are "extremely cheap" compared to bonds, Fidelity Portfolio Manager Douglas Simmons says.
June 14- Almost half a million homes and businesses, mostly in the U.S. Duke Energy Corp, the biggest power company in the United States, was the hardest hit with more than 240,000 customers still out in the Carolinas. Late Thursday, Duke said more than 350,000 customers, mostly in North Carolina, were without power.
June 14- More than 330,000 homes and businesses in the U.S. Duke Energy Corp, the biggest power company in the United States, was the hardest hit with more than 240,000 customers still out in the Carolinas. Late Thursday, Duke said more than 350,000 customers, mostly in North Carolina, were without power.
June 14- More than 240,000 homes and businesses in North and South Carolina were still without power early Friday following storms on Thursday, Duke Energy Corp said on its website. Late Thursday, Duke said more than 350,000 customers, mostly in North Carolina, were without power. Duke warned those in the hardest hit areas to prepare for a "multi-day" outage.