Utilities Recoup Some Losses, But Still Down For Year - Utilities Roundup

Shares of power producers rose, recouping some of their recent losses, even as the defensive sector remained one of the only industry groups on the Standard & Poor's 500 to be in the red for the year to date.

Residential electricity use has jumped due to the massive shift to work-from-home arrangements during the coronavirus pandemic, with a 10% second-quarter increase in residential electricity usage, according to the National Bureau of Economic Research.

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(END) Dow Jones Newswires

12-01-20 1710ET