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Utilities Flat After Mixed Earnings -- Utilities Roundup

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08/10/2020 | 05:06pm EDT

Shares of power producers were more or less flat after mixed earnings. North Carolina utility giant Duke Energy posted a second-quarter loss after the pandemic weakened demand, and as Duke abandoned the Atlantic Coast Pipeline project.

PPL posted a fall in its profit in the latest quarter as revenue declined and PPL faced one-time expenses during the pandemic.

 

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION -0.46% 82.57 Delayed Quote.-9.47%
PPL CORPORATION -2.13% 26.23 Delayed Quote.-26.90%
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