Duke Energy posts 30% drop in 3rd-quarter profits

(By David Perlmutt, dperlmutt@charlotteobserver.com) Charlotte-based Duke Energy reported third quarter profits dropped 30 percent, largely after power sales declined, and costs for a new Indiana power plant came in larger than expected. The utility reported earnings of $472 million, or 35 cent a share, for the three months that ended Sept. 30 — compared with $670 million, or 51 cents a share, for the same three months in 2010.

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Duke Energy posts 30% drop in 3rd-quarter profits

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Posted by Charlotte Observer on Nov 3 2011. Filed under Business, News, Uncategorized. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.